by: xpoolPosted on:

Binance Seeks Dismissal of FTX Lawsuit, Blames SBF for Collapse

Binance has filed a motion in Delaware Bankruptcy Court to dismiss a lawsuit brought by the estate of FTX Trading Ltd., seeking $1.76 billion related to a 2021 share buyback deal. The cryptocurrency exchange contends that the lawsuit is attempting to unfairly shift blame for the FTX collapse away from the criminal misconduct of founder Sam Bankman-Fried, who was convicted in 2023 on seven counts of fraud and money laundering charges. Binance argues the FTX bankruptcy resulted from internal failures rather than actions taken by Binance itself.

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