Physical Address
304 North Cardinal St.
Dorchester Center, MA 02124
Briefly
- Binance asked a bankruptcy court in Delaware to reject the FTX lawsuit amounts to $ 1.76 billion, calling it legally wrong and inconsistent facts.
- The exchange claims that the FTX drop was the result of a huge fraud orchestrated fraud with its own guidance, not to Binance’s actions.
- Binance also says that the court has no jurisdiction over his foreign entities and that his tweets 2022 were not false or misleading.
Binance asked a bankruptcy court in Delaware to be killed in the amount of $ 1.76 billion, which launched the FTX estate, saying that a defective crypto platform tries to “transfer the guilt” for the collapse from the founder Sam Bankman-Fied and to his competitors.
Binance Holdings Ltd. He said that the appeal is “legally insufficient” and cannot probably bind binans or his former Changpeng Zhao -a -as FTX fall, UA, UA Rejection request Filed last Friday.
“Prosecutors are pretending that FTX has not collapsed as a result of one of the most important corporate frauds in history,” the request is submitted, noting that former executive director Sam Bankman-Fied is now serving a 25-year prison sentence for cheat Customers, investors and lenders.
A lawsuit, filed last November, tries to go back Crypto -worth approximately $ 1.76 billion, transferred by FTX to Binance in July 2021.
FTX has previously sold binans to a 20% share in 2019, which he later bought back with a mixture of BNB, Busd and FTT Token.
The FTX estate claims that the exchange was unsolved at the time of the 2021 contract, and that dissatisfied customers’ funds were secretly funded by the bumper.
But Binance in the proposal claims that FTX “afterwards remained concern for 16 months”, making any request for the previous insolvency incredible.
The lawsuit also claimed that Zhao “maliciously” used Twitter to start a wave of withdrawal of customers, Publishing on November 6, 2022, to liquidate the binans of their FTT stakes “for recent discoveries.”
“Tweets November 2022 were published in the days after a bomb report Kinddesk who blew the lid with the FTX facade, and the appeal does not contain the facts that would suggest that the tweets were false, “Binance wrote, defending the tweets.
In the exchange, he also said that the case should be rejected due to lack of personal jurisdiction, saying that none of the corporate defendants headquartered in the United States -in the United States that he did not directly deal with transfers.
FTX Trust to recovery has filed numerous property backs after Platform collapsewho launched one of the greatest Crypto bankruptcy in history and left billions in customers funds.
Decipher Will update the story if binance answers a comment request.
Edited Sebastian Sinclair
Daily review Bulletin
Start every day with top news, plus original features, podcast, videos and more.
