Binance Founder Seeks to Dismiss FTX’s $1.76B Lawsuit

Krutika Adani

CZ Strikes Back

Changpeng Zhao, ex-CEO of Binance, asks U.S. court to toss FTX’s $1.76B clawback lawsuit, calling it an overreach.

Beyond U.S. Reach?

Zhao argues he lives in the UAE — outside Delaware’s jurisdiction — and that the transactions weren’t bound by U.S. law.

Ex-Partners, Not Accomplices

Binance returned its FTX equity stake for crypto assets. Zhao denies any blame for Sam Bankman-Fried’s collapse.

Binance Execs Join Fight

Former Binance execs also filed motions to dismiss, challenging FTX’s attempt to drag them into U.S. court.

The Bigger Picture

As SBF serves 25 years for fraud, Zhao maintains Binance’s innocence in the FTX downfall. But will the court agree?

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