Author: Newton Kitonga

TLDR Binance wants to dismiss a $1.76 billion lawsuit from FTX. The lawsuit claims a 2021 buyback was funded fraudulently. Binance denies this. Binance says FTX’s collapse was due to internal mismanagement, not them. FTX pursues many lawsuits. Binance plans to fight and questions U.S. court power. Global crypto exchange Binance has filed a motion to dismiss a $1.76 billion lawsuit initiated by the now-bankrupt exchange FTX. The legal filing, made in a U.S. bankruptcy court on Tuesday, asserted that the claims made by FTX are “legally insufficient” and represent an attempt to deflect blame for the dramatic collapse of…

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