CZ Files to Dismiss $1.7 Billion FTX Clawback Lawsuit

CZ Files to Dismiss $1.7 Billion FTX Clawback Lawsuit

Changpeng “CZ” Zhao, the former CEO of Binance, has filed a motion to dismiss a $1.76 billion lawsuit brought by the FTX bankruptcy estate, which seeks to claw back funds linked to a 2021 share repurchase agreement between Binance and FTX. Zhao’s lawyers argued the Delaware bankruptcy court lacks jurisdiction over him, as he resides in the United Arab Emirates, and the transactions and involved entities are all based offshore. FTX sister company…

Binance Ex-CEO Changpeng ‘CZ’ Zhao Wants Court to Dismiss FTX’s $1.8B Lawsuit

FTX vs. Zhao Changpeng 'CZ' Zhao, the founder and ex-CEO of the world's largest exchange, Binance, has moved to court to challenge a lawsuit leveled against him by collapsed exchange FTX. Initially filed last November, the lawsuit seeks to recover $1.8 billion in various cryptocurrencies sent to Binance four years ago. FTX's court filings show

Binance Former Leader Seeks Quick Exit From $1.8 Billion FTX Lawsuit - Coin Surges

Former Binance CEO Changpeng “CZ” Zhao has moved to shake off a $1.76 billion clawback bid from the now-bankrupt FTX trust. It’s a bold opening move. Based on reports, he argues the case should never have landed in a Delaware court. Challenge To Delaware Jurisdiction According to a report, Zhao insists he lives in the United Arab Emirates and has no real ties to Delaware. He points out that the complaint doesn’t show he’s “at home” there. His la…

Binance Former Leader Seeks Quick Exit from $1.8 Billion FTX Lawsuit

The post Binance Former Leader Seeks Quick Exit from $1.8 Billion FTX Lawsuit appeared on BitcoinEthereumNews.com. Binance Former Leader Seeks Quick Exit from $1.8 Billion FTX Lawsuit Sign Up for Our Newsletter! For updates and exclusive offers enter your email. Christian, a journalist and editor with leadership roles in Philippine and Canadian media, is fueled by his love for writing and cryptocurrency. Off-screen, he’s a cook and cinephile w…

Binance Co-Founder CZ Moves to Dismiss $1.8B FTX Lawsuit (Report)

Changpeng Zhao (CZ) has filed a motion to dismiss a $1.76 billion lawsuit brought against him by the FTX bankruptcy trust. He says the court has no legal authority over him because he lives in the United Arab Emirates (UAE). CZ’s Defence According to a Bloomberg report, his legal team submitted the motion on Monday to the U.S. Bankruptcy Court for the District of Delaware, asserting that the accusations fall outside the court’s reach. “The claim…

"I'm a Foreign Citizen": CZ Fights Back Against $1.76 Billion FTX Clawback Case

CZ files a motion to dismiss the FTX lawsuit, claiming that US courts have no authority over offshore deals. Binance argues the FTX transaction used crypto and involved only foreign-based entities. FTX blames CZ’s posts for the collapse while his lawyers say the company was already insolvent. Binance founder Changpeng “CZ” Zhao is pushing to have a $1.76 billion clawback lawsuit filed by the FTX bankruptcy estate dismissed, arguing U.S. courts h…