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News Explorer — Binance Files to Dismiss $1.76 Billion Lawsuit by FTX, Labeling it 'Legally Deficient'

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May 20, 6:44 am
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Binance Files to Dismiss $1.76 Billion Lawsuit by FTX, Labeling it 'Legally Deficient'

Binance has filed a motion to dismiss a $1.76 billion lawsuit by the FTX estate, claiming the complaint is legally deficient and cannot link Binance or its former CEO to FTX's collapse. The lawsuit seeks to recover crypto transferred to Binance in 2021 as part of a share repurchase agreement.

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