Binance filed a motion to dismiss the $1.76 billion asset recovery lawsuit from FTX in the Delaware Bankruptcy Court, calling the case "legally unsustainable" and denying any role in the collapse of FTX.
Binance argued that the downfall was caused by fraud within FTX and emphasized that it is a non-U.S. entity outside the jurisdiction of the court.
The lawsuit focuses on the crypto assets that FTX paid to Binance in 2021 as part of a stock buyback.
