FTX, a bankrupt cryptocurrency exchange, has filed a lawsuit against Binance and its former CEO, Changpeng "CZ" Zhao, for an alleged fraudulent share repurchase by FTX's former CEO, Sam Bankman-Fried. The repurchase was funded by Bankman-Fried's trading firm, Alameda Research, but his second-in-command warned that they did not have enough money for it. The lawsuit seeks to hold Binance and Zhao accountable for their alleged involvement in the fraudulent repurchase.

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