Binance Seeks Dismissal of $1.76B FTX Lawsuit

Binance Seeks Dismissal of $1.76B FTX Lawsuit

Binance has filed a motion to dismiss a $1.76 billion lawsuit initiated by the FTX estate, arguing that the claims are legally baseless and misattribute responsibility for FTX’s collapse. Submitted to the Delaware Bankruptcy Court on May 16, Binance's legal counsel contends that FTX's failure stemmed from internal misconduct rather than any actions taken by Binance or its former CEO, Changpeng Zhao. According to Binance, the FTX estate is att...

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