Binance seeks to dismiss FTX's $1.76 billion lawsuit, calling it a 'legal deficiency'

Binance argues that FTX's lawsuit is legally unfounded, blaming the collapse on "one of the largest corporate frauds in history."

The exchange asserts that the collapse of FTX was the result of large-scale fraudulent activities orchestrated by the very management of the exchange, not due to actions by Binance.

Binance also stated that the court does not have jurisdiction over its foreign entities and that its tweets from 2022 were neither false nor misleading.