![Binance and CZ Face Lawsuit Over FTX Collapse: “They Are Responsible”](https://coinobserver.net/wp-content/uploads/2023/10/czbnc.jpg)
Binance and CZ Face Lawsuit Over FTX Collapse: “They Are Responsible”
Legal Action Amid FTX’s Collapse After the FTX collapse in the previous year, a lawsuit emerged against Binance and its CEO, Changpeng Zhao (CZ). The plaintiffs claim CZ intentionally caused a decline in FTX’s token, FTT, through his tweets. This legal action follows a tumultuous event in the crypto sector and raises questions about social…