The two crypto exchanges have a history of bad blood. Changpeng Zhao, the co-founder and former CEO of crypto exchange Binance, may have thought his legal troubles were over when he was recently released from prison.

FTX’s bankruptcy estate has launched a $1.8 billion lawsuit against Binance and its former CEO, Changpeng Zhao, accusing them of fraudulent transactions.

The estate of FTX has filed a lawsuit against rival firm Binance and its former CEO Changpeng Zhao in an effort to claw back nearly $1.8 billion linked to an allegedly “fraudulent” deal

FTX filed a lawsuit against Binance Holdings Ltd. and its former Chief Executive Officer Changpeng Zhao, seeking to claw back almost $1.8 billion whose assets were fraudulently transferred by Sam Bankman-Fried.

FTX has filed a lawsuit against Binance and its former CEO Changpeng Zhao for $1.76 billion, asserting Binance’s role in FTX’s 2022 collapse. According to FTX, its founder, Sam Bankman-Fried, financed a share buyback using customer funds—a transaction the suit claims was motivated by Zhao’s alleged attempts to sabotage FTX’s market position.

The litigation marks the latest escalation of tensions between two of the biggest names in crypto, after the meteoric collapse of FTX rocked the market.

The estate of defunct crypto exchange FTX filed a suit against Binance and its former CEO ChangPeng Zhao seeking to recoup almost $1.8 billion FTX alleges was “fraudulently” transferred to Binance and executives by Sam Bankman-Fried as part of a share deal.

FTX sued Binance and former CEO Changpeng Zhao to recover $1.8b, alleging fraudulent transfers that harmed its financial stability.

FTX and Aameda are seeking $1.9 billion from Binance and cofounder Changpeng Zhao according to a recently filed lawsuit.

The estate of the crippled digital exchange FTX filed a lawsuit against fellow crypto exchange Binance on Sunday as it tries to get back $1.76 billion in what it claims was a "fraudulent" share agreement.