📢 HEADLINE:
Binance Co-Founder CZ Moves to Dismiss $1.8B FTX Lawsuit Over Jurisdiction Challenge
📄 Post Content:
🚨 LATEST UPDATE: Binance co-founder Changpeng Zhao (CZ) has officially filed a motion to dismiss the $1.8 billion lawsuit brought by the FTX Recovery Trust, arguing that:
🔹 U.S. courts lack jurisdiction — CZ is a resident of the United Arab Emirates (UAE)
🔹 The claims are not enforceable extraterritorially under U.S. bankruptcy law
🔹 Binance and its former executives are being wrongfully implicated in the aftermath of the FTX collapse
This move follows growing calls for legal clarity as Binance continues to focus on global compliance, innovation, and user protection. A favorable ruling could shield Binance from major clawback liabilities and reinforce confidence in its legal resilience.
📚 Source: Bloomberg | U.S. Bankruptcy Court Filings
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