Binance and CZ subpoena Kevin O’Leary in $1.76 billion FTX clawback fight

The exchange and its founder are pulling a familiar FTX-era voice into discovery as the estate's fraudulent-transfer case heads toward trial Binance and its founder Changpeng Zhao have subpoenaed Kevin O’Leary. The move is part of their defense in a lawsuit seeking at least $1.76 billion tied to FTX’s collapse. The FTX saga ended years ago for most people. In Delaware bankruptcy court, it is very much still in session. The case was brought by the FTX Recovery Trust and FTX Digital Markets Ltd. against Binance Holdings Limited and Zhao, widely known as CZ. It was filed on November 10, 2024. At its center is a 2021 deal in which Binance sold its stake in FTX back to the exchange.

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