A California resident sued CZ, accusing it of monopolizing the market by harming FTX

Odaily Planet Daily News A California resident, Nir Lahav, sued CZ, accusing CZ of violating federal and California unfair competition laws and monopolizing the cryptocurrency market by harming FTX. The lawsuit states: “CZ’s proposal to acquire FTX was not made in good faith, and CZ’s tweet caused the FTT price to drop from $23.1510 to $3.1468. This significant drop plunged the FTX entity into bankruptcy without giving the FTX entity’s executives and board of directors An opportunity to save the day and put security measures in place to protect its customers and end-users.” (Cointelegraph)