Separately, the lawsuit says that Zhao sent “a series of false, misleading, and fraudulent tweets that were maliciously calculated to destroy his rival FTX.” Zhao tweeted on November 6th, 2022 that Binance was planning to liquidate $529 million worth of FTX tokens. According to the FTX estate, this “triggered a predictable avalanche of withdrawals” that contributed to the collapse of the crypto exchange.
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