Binance Seeks Dismissal of FTX's $1.76 Billion Lawsuit
Source: theblock.co — 5/20/2025
Binance has requested a court to dismiss FTX's $1.76 billion lawsuit, arguing that the claims are unfounded and lack jurisdiction. Binance counters that FTX is shifting blame from its ex-CEO, Sam Bankman-Fried, sentenced for fraud. The filed motion highlights that FTX was operational well after the disputed crypto-stock swap, disputing any direct involvement by Changpeng Zhao. FTX's legal pursuit is part of efforts to recover creditor losses exceeding $11 billion.