🚨 CZ Responds to FTX $1.8 Billion Lawsuit – Claims “No Basis!”

💥 What’s happening?

CZ – Founder of Binance – has officially filed a motion to dismiss the $1.8 billion lawsuit from the FTX Recovery Fund.

📌 Why dismiss?

• 🏛 Not under jurisdiction: CZ states that he does not reside in the U.S. (currently in the UAE), so U.S. courts have no jurisdiction.

• 🌍 U.S. bankruptcy law does not apply globally: The demands from FTX cannot be enforced outside the U.S.

• 🚫 Misleading allegations: CZ claims that Binance and the former team are being wrongfully blamed for FTX's collapse without evidence.

⚖️ What’s the impact?

• If CZ successfully dismisses, Binance could avoid the risk of losing billions of USD.

• This is also a strong signal: It’s not easy to drag global organizations into legal disputes in the U.S.

• Binance is trying to build an image of compliance – transparency – protecting users globally.

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🧮 Market price update today:

• $BTC: 113,523.49 USD (-0.61%)

• $ETH: 3,583.44 USD (-1.81%)

• $BNB: 748.4 USD (-1.56%)

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📌 Source: Court documents + Bloomberg

📢 Hashtag: #BinanceUpdates #CZ #Cryptolaw