Binance has filed a motion to dismiss a $1.76 billion clawback lawsuit brought by the FTX estate in Delaware bankruptcy court. Binance argues that the claims lack merit and are unsupported by evidence. The exchange contends that the transfer of assets was conducted as part of a legitimate business transaction, when FTX was solvent for over a year. Binance maintains that the timing of their tweets about FTT holdings was in response to public reporting from CoinDesk highlighting financial discrepancies between FTX and its sister hedge fund, Alameda Research. Legal experts believe Binance’s motion could significantly alter this case or lead to its dismissal entirely.