FTX has filed an $1.8 billion lawsuit against Binance and former CEO Changpeng Zhao, claiming damages related to FTX’s bankruptcy. The suit alleges that Zhao’s actions, including a tweet about Binance’s FTT holdings, led to a bank run on FTX, blocking alternative financing and worsening FTX’s collapse. Binance has denied the accusations, promising to defend against the claims, as legal proceedings continue in the Delaware Bankruptcy Court.