FTX Investor Says Competitor’s Tweets Caused ‘Collapse’ In Value

(October 13, 2023, 2:59 PM EDT) -- OAKLAND, Calif. — An investor in FTX Trading Ltd. filed a putative class action in California federal court accusing Binance Holdings Ltd., a competing cryptocurrency exchange, its affiliates and its CEO of violating securities laws and California’s unfair competition law (UCL) by selling off FTX tokens and tweeting negative statements about FTX that allegedly contributed to FTX’s “collapse.”...