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Binance vs SEC Legal Tessel
Zach XBT accused Huang of embezzling substantial amounts from Formosa Financial and now defunct crypto treasury platform co-founded by Huang. Zach XBT wrote, The lawsuit is baseless and an attempt to chill free speech. This case has sparked widespread attention leading the crypto community to donate over $1 million to support Zach XBT's legal defense. Notable backers include major crypto businesses and personalities such as Binance, Surdick and Justin Sun.