Changpeng Zhao (CZ), the founder of Binance, has now officially disputed the claim of $1.8 billion filed against him in the current scenario of the bankruptcy case of FTX. This was the amount in dispute that was occasioned by transactions preceding the failure of FTX which was raised by the FTX estate on grounds of unjust enrichment including competitive and anticompetitive injury.

The legal service of CZ has defended that the accusation is unfounded by the law, and without adequate evidence, claiming that Binance acted publicly and within the law when it took action against FTX before the crash of the latter.

This occurrence is happening during a period when trust and accountability have become the main issue in crypto-litigation matters. Depending on how the case turns out, it might be a precedent that may dictate future rivalries and exits in cases of crypto conflicts.

Pay attention, the judicial struggle can reorganize the industry processes.

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