Binance has filed a motion to dismiss a $1.76 billion clawback lawsuit from the estate of the now-defunct FTX exchange.
Binance argues that the claim lacks merit and the court has zero jurisdiction over the case.
The legal battle revolves around the 2021 transaction where FTX repurchased a stake from Binance, leading to allegations of causing FTX's collapse.
FTX estate believes CZ's public comments caused their downfall, while Binance's legal team argues lack of personal jurisdiction and denies involvement in the collapse.