CoinVoice has recently learned that, according to Bloomberg, Zhao Changpeng has requested the U.S. Bankruptcy Court in Delaware to dismiss the $1.76 billion recovery lawsuit filed against him by the FTX trust. The trust claims that this amount was improperly transferred to Binance by SBF (Sam Bankman-Fried).
In a motion submitted on Monday, Zhao Changpeng stated that he is a resident of the UAE and that the trust cannot prove that he is under the jurisdiction of Delaware. He emphasized that the relevant claims have little connection to the United States, and the involved regulations have no extraterritorial applicability.
Previously, the trust and FTX Digital Markets filed a lawsuit against Binance and several executives regarding a share buyback agreement with SBF from July 2021. In July of this year, two former executives of Binance have applied to be removed from the lawsuit. Zhao Changpeng stated that he is merely a trading 'nominal counterparty' and accused FTX of 'unreasonably' blaming Binance for its bankruptcy.
He also pointed out that serving U.S. lawyers to foreign defendants is improper and would render the complaint invalid. Zhao Changpeng further stated that U.S. bankruptcy law is not explicitly applicable to overseas fund transfers. [Original link]
