Binance FTX lawsuit seeks O’Leary’s evidence in $1.76 billion dispute

Binance and its founder Changpeng Zhao have subpoenaed Kevin O’Leary to support their defense against a claim seeking at least $1.76 billion . The Binance–FTX lawsuit, filed on November 10, 2024, centers on a share buyback that the FTX estate alleges involved an improper transfer of funds. Key takeaways Binance and Zhao are seeking evidence from Kevin O’Leary for their defense. The FTX estate challenges a July 2021 payment for Binance’s stake. A July 27, 2026 ruling allowed the core claims to proceed. A successful clawback would increase funds available for FTX creditors. Kevin O’Leary’s role in the Binance–FTX lawsuit The subpoena brings in a witness who previously accused Binance of deliberately undermining FTX. On December 14, 2022 , O’Leary testified to that effect during a hearing.

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