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Binance Files to Dismiss FTX’s $1.76B Clawback, Says Claims Are Flawed

  • Binance has requested the dismissal of FTX's $1.76 billion lawsuit, claiming it lacks a legal and factual basis.
  • FTX's lawsuit blames Binance for its insolvency, but Binance argues that it was due to internal fraud by FTX's founder.
  • Binance contests FTX's claims, stating that FTX operated for more than a year after a repurchase deal, undermining the claim of prior insolvency.
  • Binance questions the U.S. court's jurisdiction over the case, highlighting that the transactions in dispute did not occur within U.S. borders.

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