Mars Finance reported that, according to Decrypt, Binance requested the Delaware Bankruptcy Court to dismiss FTX's $1.76 billion recovery lawsuit, claiming it is "legally unfounded" and accusing FTX's collapse as "one of the largest corporate frauds in history" led by its founder Sam Bankman-Fried, rather than Binance's actions. FTX sued to recover $1.76 billion in crypto assets transferred in a July 2021 equity buyback, claiming FTX was insolvent at the time and misappropriated customer funds to complete the transaction. Binance countered that FTX continued to operate for 16 months after the transaction, and that CZ's tweet on November 6, 2022, liquidating FTT positions was not false or misleading.
Binance seeks to dismiss FTX's $1.76 billion recovery lawsuit, calling it "legally flawed"
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