Keynote
- Binance raised the consent to dismiss $ 17.6 billion in the FTX Estate.
- The consent argues that the FTX claim is not grounded, and the court argues that there is a lack of jurisdiction because Binance and CZ are not American citizens.
- While the legal battle continues, the FTX Recovery Trust is preparing to distribute more than $ 5 billion to creditors.
Crypto Exchange Binance has requested the Delaware Bankruptcy Court to dismiss the $ 17.6 billion clawback lawsuit with the FTX Real Estate.
In the documentThe leading digital asset trading platform has criticized the re-written record to prevent the FTX’s founder of SAM Bankman-Fried (SBF).
Binance moves to dismiss the FTX lawsuit.
The consent, which a lawyer submitted for the world’s largest centralized encryption exchange, calls the lawsuit “legally lacking,” and is rooted in speculation that is mainly speculated in the “Fushi of the Scolded Crooks”.
At the core of Dispute is 2021 transactions FTX re -purchased 20% shares of Binance using the mix of Crypto assets, including the default FTT token, BUSD and BNB of FTX.
The FTX real estate is now funded by the misuse of this transaction, and the company claims that the company has already bankrupt, and Beanos strongly rejects it.
Billions of criticism and billions of fights
According to the lawsuit, Binance was unfairly rich in $ 17.6 billion in transactions and played an active role in the collapse of the FTX.
FTX Estate claims that Binance CEO Changpeng Zhao (CZ) has coordinated damage on a competitive platform that announced FTT Holdings liquidation in November 2022.
https://x.com/cz_binance/status/1589283421704290306
This movement has caused massive withdrawal and has already pushed over the edge of struggling.
Binance completely rejects the story. In the court papers, lawyers stressed that the FTX will continue to operate for 16 months after the reemployment in 2021, suggesting that the transaction cannot finally fall.
They also say that the tweets of the CZ are not malicious actions, but the response to the legal market problem, especially November 2, 2022. Alameda Research.
In “one of the most large corporate fraud”
Binance’s consent accuses us that FTX real estate has attempted to “change blame” with a great collapse to external actors. This time, Bankman-Fried, not Binance, is the leader of the federal judge as “one of the largest corporate fraud in history.”
SBF was sentenced 25 years in prison early this year After misuse of billions of dollars of fraud and conspiracy, they were convicted of lying to investors, regulators, and the public.
Binance’s lawyers argue that these real estate claims that the collapse of the FTX is not the result of the internal rot, but the external conspiracy, and they are not subject to facts or laws.
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disclaimer: Coin speakers are doing their best to provide a prejudice and transparent report. This article aims to provide accurate and timely information, but should not be considered financial or investment advice. Since market conditions can change rapidly, it is better to check the information and consult with experts before making a decision based on this content.
PARTH, a encryption journalist with more than five years of experience in the industry, has collected experience and expertise in space after surviving in Bear and Bull Markets for many years in cooperation with major media media in Crypto and Finance World. PARTH is also the author of four published books.
LinkedIn’s PARTH DUBEY