Wu Blockchain (@WuBlockchain): According to Bloomberg, former Binance CEO Changpeng Zhao has asked a Delaware bankruptcy court to dismiss a $1.76 billion clawback lawsuit filed by t…
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According to Bloomberg, former Binance CEO Changpeng Zhao has asked a Delaware bankruptcy court to dismiss a $1.76 billion clawback lawsuit filed by the FTX estate over a 2021 share repurchase. Zhao argues the court lacks jurisdiction as he resides in the UAE and says he was merely a “nominal counterparty.” Binance called the allegations “nonsensical” and said it will contest them. https://t.co/RMIZWGCBBC