😐 Binance filed a motion to dismiss FTX's $1.76 billion lawsuit, claiming lack of jurisdiction and the arguments being unfounded.

The dispute concerns the cryptocurrencies used in the 2021 buyout of Binance's stake in FTX. Bankruptcy administrators assert that the deal was financed with misappropriated client funds, and Zhao's tweets caused a mass withdrawal. Binance responds that FTX operated for another 16 months after the deal, the tweets were truthful, the exchange is based outside the USA, and Zhao was not personally involved in the sale.

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