logo

CZ Requests Bankruptcy Court to Dismiss $1.76B Lawsuit Filed by FTX Trust

By: theblockbeats.news|2025/08/06 01:02:06

BlockBeats News, August 6th, CZ has become the latest Binance figure to request the bankruptcy court to dismiss FTX's trust accusation. The trust sought to recover $1.76 billion improperly transferred by Sam Bankman-Fried (SBF). CZ filed a motion in the Delaware bankruptcy court this Monday, stating that FTX Trust and FTX Digital Markets Ltd. could not prove that he has a "domicile" in Delaware as he is a resident of the UAE and not subject to the state's jurisdiction.


In the filing, CZ stated: "These accusations are far removed from Delaware, or even the U.S. mainland, and the relevant laws do not have extraterritorial effect, so they are simply inapplicable."


As early as November 2024, FTX Trust and FTX Digital Markets had previously sued Binance and its executives in connection with the July 2021 SBF share buyback agreement. In July of this year, two former Binance executives, Samuel Wenjun Lim and Xiao Dinghua, also requested the court to remove themselves from the lawsuit.


The FTX Trust accusation alleges that Binance and the mentioned executives obtained funds through the share buyback transaction, during which they sold about 20% of the shares of FTX International Business and 18.4% of the shares of FTX US Business. According to court records, to complete this transaction, Alameda Ltd. (registered in the British Virgin Islands) transferred funds to Binance. As Binance-related entities are registered in Ireland, the Cayman Islands, and the British Virgin Islands, the CZ team pointed out that this transaction has a clear "extraterritorial nature" and should not be subject to U.S. law.

EstateX (ESX) Prognose: Rallye auf 0,01 $ trotz Skeptikern?
WEEX stiehlt BlockchainRIO 2025 die Show

Das könnte Ihnen auch gefallen

Teilen
copy

Gewinner

Neueste Krypto-Nachrichten

17:50

Eine bestimmte Waladresse hat 10 Millionen U in HyperLiquid eingezahlt, was eine 20-fache ETH-Long-Position initiiert.

17:20

Coinbase to List Rayls (RLS)

16:52

Spot Silver Surges Over 3% Intraday

16:50

Circle hat in den letzten 5 Minuten 7,5 Milliarden USDC auf dem Solana-Netzwerk geprägt.

16:24

In den letzten 4 Stunden hat das gesamte Netzwerk 320 Millionen Dollar an Liquidationen gesehen, wobei die meisten von ihnen aus Long-Positionen stammen.

Mehr lesen
Community
icon
icon
icon
icon
icon
icon
icon
icon

Kundenservice@weikecs

Geschäftliche Zusammenarbeit@weikecs

Quant-Trading & MM[email protected]

VIP-Services[email protected]