Cryptocurrency derivatives trade FTX has acquired a $150 million lawsuit for market manipulation and promoting unlicensed securities in the US. Uploaded to social media by Finish of the Chain podcast host Samuel McCulloch on Nov. 3, sections of the lawsuit doc present FTX accused of “attacking” fellow trade Binance.
Lawsuit: FTX had “manipulative and misleading scheme”
The plaintiff, a mysterious entity generally known as Bitcoin Manipulation Abatement LLC, is demanding $150 million in exemplary and punitive damages.
Based on the plaintiff’s legal professionals, FTX used accounts to govern Binance’s recently-launched Bitcoin futures in mid-September. The doc reads:
“Defendants, and every of them, have been caught red-handed when, at about 21:00 EDT on September 15, 2019, and performing in furtherance of the manipulative and misleading scheme as alleged hereinabove, Defendants, and every of them, made two illicit unsuccessful makes an attempt to govern costs of Bitcoin futures…