Binance is Sued Over Elon Musk’s Rejection to Buy Twitter

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Twitter has filed a lawsuit against a division of crypto exchange Binance because of the funding allocated to it for the takeover of the social network by Elon Musk, Bloomberg reports.

The trading platform provided the Tesla CEO with $500 million to complete the deal in May. According to court documents, Twitter’s lawyers want to know about the terms of the investment and the billionaire’s efforts to syndicate funds.

Subpoenas have also been issued to Musk’s potential creditors.

Twitter is asking them for information about private negotiations with Musk regarding the sale of the social network, as well as documentary evidence of the billionaire’s assumptions about underestimating the number of real users of the platform.