Home Fear & Greed Pools Wallets Dictionary Advertise Facebook Twitter Telegram Reddit Youtube
Market Cap:
24h Vol:
Cryptocurrencies: 13285
Markets: 101961
CoinInsight360.com logo CoinInsight360.com logo
ENG
EST
RUS
TUR
DEU
CHI
KOR
ITA
USD
USD
AED
AFN
ALL
AMD
ANG
AOA
ARS
AUD
AWG
AZN
BAM
BBD
BDT
BGN
BHD
BIF
BMD
BND
BOB
BRL
BTN
BWP
BYN
BZD
CAD
CDF
CHF
CLF
CLP
CNH
CNY
COP
CRC
CUC
CUP
CVE
CZK
DJF
DKK
DOP
DZD
EGP
ERN
ETB
EUR
FJD
FKP
GBP
GEL
GHS
GIP
GMD
GNF
GTQ
GYD
HKD
HNL
HRK
HTG
HUF
IDR
ILS
IMP
INR
ISK
JMD
JOD
JPY
KES
KGS
KHR
KMF
KPW
KRW
KWD
KYD
KZT
LAK
LBP
LKR
LRD
LSL
LYD
MAD
MDL
MGA
MKD
MMK
MNT
MOP
MRU
MUR
MVR
MWK
MXN
MYR
MZN
NAD
NGN
NIO
NOK
NPR
NZD
OMR
PAB
PEN
PGK
PHP
PKR
PLN
PYG
QAR
RON
RSD
RUB
RWF
SAR
SBD
SCR
SDG
SEK
SGD
SHP
SLL
SRD
SSP
STD
STN
SVC
SYP
SZL
THB
TJS
TMT
TND
TOP
TRY
TTD
TWD
TZS
UAH
UGX
UYU
UZS
VES
VND
VUV
WST
ZAR
ZMW
ZWL
America's Social Casino

Market Cap
24h Vol
13285
Cryptocurrencies
62.63%
Bitcoin Share
BitcoinSistemi 2025-05-20 17:23:09

New Development in the $1.8 Billion Binance – FTX Case: "Rejection Request Received from Binance, SBF Pointed Out!"

New Development in the $1.8 Billion Binance – FTX Case: "Rejection Request Received from Binance, SBF Pointed Out!"

Binance, the world's largest cryptocurrency exchange, has requested that FTX's $1.76 billion refund lawsuit be dismissed. Binance has asked the Delaware bankruptcy court to dismiss a $1.76 billion lawsuit filed by FTX, The Block reported. Binance claimed in its motion to dismiss that the lawsuit had no legal basis and was devoid of any factual basis. Binance stated that they were not responsible for FTX's collapse, stating that the bankruptcy was not due to Binance's actions, but rather FTX's own mistakes and fraudulent actions. Binance lawyers have highlighted that FTX founder Sam Bankman-Fried was at the center of “one of the largest corporate frauds in history” and was sentenced to 25 years in prison by a federal court for his criminal actions. Binance also claims that the court has no jurisdiction over foreign assets. The lawsuit, filed in November of last year, aims to recover approximately $1.76 billion worth of cryptocurrency that FTX transferred to Binance as part of a share buyback agreement in July 2021. FTX sold 20% of its shares to Binance in 2019 and later bought back the remaining 20% using BNB, BUSD, and FTT tokens. Related News: JUST IN! FTX Files Lawsuit Against Binance Former CEO CZ, Demanding $1.8 Billion! However, FTX is demanding a refund of the $1.76 billion it paid to Binance, claiming that the company was insolvent at the time and that customer funds were used without permission. Binance, on the other hand, claims that FTX operated for another 16 months after the agreement, and that the claims that FTX went bankrupt during that period are untrue. *This is not investment advice. Continue Reading: New Development in the $1.8 Billion Binance – FTX Case: "Rejection Request Received from Binance, SBF Pointed Out!"

Most Read News

Moralis Money
Market Cap
24h Vol
62.63%
Bitcoin Share
764
Today News
Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.