🚨 CZ Pushes Back Against $1.8B FTX Lawsuit — Calls It 'Nonsensical' & Outside U.S. Jurisdiction

📢 In a bold legal move, Binance founder Changpeng Zhao (CZ) has filed a motion in bankruptcy court to dismiss the $1.8B clawback lawsuit brought by the FTX estate.

🧾 The lawsuit challenges a 2021 share repurchase agreement between Binance and Sam Bankman-Fried (SBF), alleging improper fund transfers. But CZ isn’t having it.

🔑 Key Points from CZ’s Filing:

🔹 Argues the U.S. court has no jurisdiction, as the claims fall “far removed from Delaware, and even the U.S.”

🔹 Labels the accusations as “nonsensical”, shifting blame for SBF’s misconduct onto Binance.

🔹 Clarifies Binance was a brief business partner, exiting FTX due to personal grievances, with equity later repurchased via crypto.

🔹 Notably, other Binance execs have also filed to be removed from the lawsuit.

🌐 This case could set important precedents around cross-border crypto transactions, liability boundaries, and the limits of U.S. jurisdiction in global digital asset markets.

#Binance #FTX #CZ #CryptoLaw #Blockchain

https://coingape.com/cz-calls-1-8b-ftx-lawsuit-nonsensical-us-court-no-jurisdiction/?utm_source=bnb&utm_medium=coingape