by: xpoolPosted on:

Binance Seeks Dismissal of FTX Lawsuit, Argues Claims Unlawful

Binance has filed a motion to dismiss the $1.76 billion lawsuit brought against it by FTX, stemming from a 2021 share buyback deal involving Binance’s BNB tokens. The company argues that FTX’s claims are legally baseless and seeks a dismissal from the U.S. bankruptcy court. This action may set a precedent for asset recovery in insolvency proceedings within the cryptocurrency industry, with market participants closely monitoring potential regulatory implications.

Related posts:

  1. Binance Disputes $1.76B FTX Clawback, Argues for Dismissal
  2. Binance Challenges FTX’s $1.76 Billion Lawsuit, Claims Fraud at the Root of Collapse
  3. Binance Seeks Arbitration in U.S. Securities Case; Coinbase Faces Data Breach Probe
  4. Binance Seeks Dismissal of FTX Lawsuit, Blames SBF for Collapse