Binance Files to Dismiss FTX’s $1.76B Clawback, Says Claims Are Flawed ⚖️
Binance has formally requested the dismissal of a $1.76 billion lawsuit filed by the FTX bankruptcy estate. The cryptocurrency exchange argues that the case is legally flawed and is an attempt by FTX to deflect responsibility from its internal mismanagement and fraud.
Binance's motion was filed in a Delaware court, challenging the claims made by the now-defunct exchange. According to Binance, FTX is wrongly attributing its collapse to external factors rather than acknowledging its internal issues.
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