【After Bankruptcy丨FTX Sues Binance and Zhao Changpeng for Fraud, Seeking Nearly $13 Billion】 Once the world's second-largest cryptocurrency exchange, FTX collapsed two years ago. Its bankruptcy estate managers have recently sued Binance and its former CEO Zhao Changpeng, seeking to recover nearly $1.8 billion (approximately 13 billion RMB) that was transferred under fraudulent circumstances by 'SBF' Sam Bankman-Fried.

According to documents submitted by FTX to the court, SBF and Binance, Zhao Changpeng, and other senior Binance executives reached a stock repurchase agreement in 2021. The documents state that approximately 20% of FTX's international business and 18.4% of its U.S. entity's shares were sold in the transaction.

'SBF' paid for the transaction using FTX's exchange token FTT and Binance's tokens BNB and BUSD, which were valued at $1.76 billion (approximately 12.7 billion RMB) at the time. The documents claim that the transaction was funded by FTX's sister company Alameda Research, stating that 'at the time of the repurchase, Alameda was insolvent and unable to finance this transaction,' thus indicating that the transaction involved fraud.

FTX also accused Zhao Changpeng of posting a series of 'false, misleading, and fraudulent' tweets shortly before the company's collapse, which led to a surge in withdrawals from the exchange. FTX criticized this as a deliberate attempt to destroy its competitor. A Binance spokesperson stated that these allegations are groundless and that they will actively defend against them.

'SBF' has been sentenced to 25 years in prison since March for misappropriating $8 billion (approximately 57.9 billion RMB) of customer funds. Zhao Changpeng was sentenced to four months in prison by U.S. authorities for violating U.S. anti-money laundering laws, and he was released at the end of September.