<ul><li>Binance has requested a Delaware court to dismiss a $1.76 billion clawback lawsuit filed by the FTX estate, stating that the bankrupt crypto exchange is targeting the wrong party.</li><li>Binance argues that FTX's collapse resulted from internal fraud, not actions taken by Binance or its former CEO Changpeng Zhao, and that the lawsuit does not meet basic legal standards.</li><li>FTX estate claims that FTX was insolvent at the time and funded the deal with misappropriated customer funds, which Binance disputes, citing FTX's continued operations for over a year post the deal.</li><li>Binance contends that the court lacks jurisdiction over its foreign entities and denies any involvement in FTX's collapse, stating that the lawsuit fails to provide proof that Binance had knowledge of the funds' source.</li></ul>

Binance Asks U.S. Court to Dismiss $1.76 Billion Clawback Lawsuit Filed by FTX Estate

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