US EditionBinance Seeks to Dismiss $1.76B FTX Lawsuit, Blames SBF for Collapse
- Binance filed a motion on May 16, 2025, in Delaware court seeking dismissal of FTX's $1.76 billion lawsuit against it and associated entities.
- The lawsuit arises from claims that Binance received misappropriated customer assets during a 2021 equity repurchase deal amid FTX's alleged insolvency.
- Binance argues the case lacks merit due to jurisdictional issues, absence of false statements in CEO Changpeng Zhao's tweets, and contends internal fraud by FTX founder caused the collapse.
- Binance described the suit as "legally deficient" and emphasized plaintiffs rely on conjecture and hindsight from a convicted fraudster, while Zhao's social media posts were truthful and public.
- The dismissal motion, if granted, could limit FTX Recovery Trust’s efforts to reclaim billions from foreign parties and reinforce that FTX’s collapse stemmed from founder-led fraud, not Binance actions.
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19 Articles
‘Remove FTX lawsuit against Michael Burgess or be sued’, writes Australian law firm - OffshoreAlert
Letter from Stipe Vuleta, of Chamberlains Law Firm, in Australia, demanding the removal from OffshoreAlert's website of a publicly-available complaint against his client, Michael Burgess, that was filed at federal court in Delaware, USA, by FTX Trading Ltd. and West Realm Shires Services Inc., claiming it "contains a number of factual inaccuracies, misrepresentations and defamatory statements". The post ‘Remove FTX lawsuit against Michael Burges…
CoinStats - Binance Hits Back at FTX Allegations, Seeks D...
In a new episode of the FTX-Binance saga, the world's largest cryptocurrency exchange is seeking the dismissal of a massive lawsuit. Binance describes FTX's accusations as "legally deficient" and refuses to accept responsibility for the collapse of its rival, instead pointing to the massive fraud orchestrated by Sam Bankman-Fried. L’article Binance Hits Back at FTX Allegations, Seeks Dismissal of Lawsuit est apparu en premier sur Cointribune.
Binance Disputes Role in FTX Collapse, Moves to Dismiss US$1.76B Lawsuit - Fintech Singapore
Binance has filed a motion in U.S. Bankruptcy Court to dismiss a US$1.76 billion lawsuit brought by the FTX estate, arguing the claims are legally baseless and an attempt to shift blame for FTX’s collapse. In the filing submitted on 16 May 2025, three Binance entities—Binance Holdings Limited, Binance Holdings (IE) Limited, and Binance (Services) Holdings Limited—argue that the court lacks jurisdiction over them and that they were not involved i…
Binance Asks U.S. Court to Dismiss $1.76 Billion Clawback Lawsuit Filed by FTX Estate
Binance has asked a Delaware court to throw out a $1.76 billion clawback lawsuit filed by the FTX estate, arguing that the now-bankrupt crypto exchange is targeting the wrong party. According to the court documents, Binance says FTX’s collapse stems from internal fraud, not any action it or former CEO Changpeng Zhao took, and that the case fails to meet basic legal standards.Binance Rejects Claims, Deflects BlameIn a motion filed last week, Bina…
Binance Moves to Dismiss FTX's $1.76B Clawback Suit, Citing Hong Kong Law and Sam Bankman-Fried's 25-Year Sentence
Binance has filed a motion in a Delaware bankruptcy court to dismiss a $1.76 billion clawback lawsuit brought by the FTX estate. The lawsuit seeks to recover funds transferred to Binance in July 2021 as part of a share repurchase agreement, following FTX's earlier sale of a 20% equity stake to Binance in 2019, which was later bought back using BUSD, BNB, and FTT tokens.FTX alleges that it was insolvent at the time of the 2021 transaction and tha…
Binance moves to quash FTX’s $1.8 billion lawsuit, dismisses allegations as speculative - Coin Surges
Binance has asked a US court to dismiss FTX’s $1.76 billion lawsuit, arguing that the case lacks jurisdiction and relies on unsupported allegations. The motion follows FTX’s attempt to claw back funds and blame Binance and its former CEO, Changpeng Zhao, for contributing to its collapse. However, Binance has rejected these claims, calling them speculative and legally flawed. Binance counters FTX In its filing, Binance argued that the US court la…
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