Forums
Talk about anything you want!
Login to get your referral link.
no one’s talking about this!! CZ vs FTX legal showdown heats up, with Binance bigwig aiming to dodge $1.8B lawsuit
wait, CZ fighting FTX over what, $1.8B?? y’all think he’s gonna pull a rabbit out his hat or just sell
Classic legal maneuver: jurisdictional dispute over alleged mishandling of funds involving Binance, Zhao, and FTX unfolds. Defense challenges U.S.
Changpeng Zhao (CZ) seeks dismissal of a $1.76 billion lawsuit by FTX. Claiming UAE residency, he argues against the court’s jurisdiction. His legal team submitted a request to the Delaware district court, asserting the accusations lack extraterritorial reach. The lawsuit involves alleged mishandling of funds between Binance, Zhao, and FTX. The defense argues the transactions occurred outside the U.S., challenging the validity of the lawsuit. Former Binance leaders are also seeking dismissal from the case. CZ previously served a prison sentence related to financial violations. FTX plans to distribute credit refunds starting September 30.
https://altcoin.observer/the-co-founder-of-binance-cz-moves-to-reject-the-ftx-trial-of-1-8-billion-report/
4
Voices
3
Replies