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A California resident sues CZ, alleging market monopoly and harm to FTX.

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Post time 8-10-2023 05:24:01 | Show all posts |Read mode
On October 3rd, according to Cointelegraph, a California resident, Nir Lahav, has filed a class-action lawsuit against Binance founder CZ, accusing CZ of violating federal and California unfair competition laws by harming the competitor FTX to monopolize the cryptocurrency market. The lawsuit alleges that "CZ's proposal to acquire FTX was not made in good faith, and CZ's tweets caused the price of FTT to plummet from $23.1510 to $3.1468. This significant drop pushed FTX into bankruptcy without giving FTX's executives and board of directors a chance to salvage the situation and take security measures to protect its customers and end-users."
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Post time 8-10-2023 08:07:23 | Show all posts
So, American lawyers are really thriving in business.
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Post time 8-10-2023 09:39:22 | Show all posts
CZ appears to be the subject of envy, haha.
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Post time 8-10-2023 09:53:23 | Show all posts
It seems they have a certain level of influence.
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