<ul><li>Binance has requested the U.S. court to dismiss a $1.76 billion lawsuit filed by the FTX estate, claiming it has no legal grounds and is designed to shift blame for FTX's collapse.</li><li>Binance refutes claims of fraud in the lawsuit, attributing FTX's downfall to internal errors and fraud committed by FTX's former CEO, Sam Bankman-Fried, who is alleged to have taken funds fraudulently.</li><li>FTX's lawsuit seeks to recover $1.76 billion in crypto assets, alleging that funds from a 2021 transaction with Binance were misused, leading to financial troubles. FTX accuses Binance of exacerbating its financial situation.</li><li>Binance denies any wrongdoing and argues that FTX's collapse was due to internal fraud, not external actions. The outcome of the lawsuit will determine accountability for one of the crypto industry's significant failures.</li></ul>

Binance Urges Court to Dismiss $1.76 Billion FTX Lawsuit

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