Binance submitted a proposal to reject a $ 1.76 billion lawsuit filed by the FTX ESTATE, accusing the exchange of encryption that did not try to blame his failure.
foot On May 16 at the Delaware Court, the Binance Legal Team described the lawsuit as “legally incomplete”, saying that the FTX collapsed was not operated by manipulating the market or hostile work, but through internal misconduct.
“Prosecutors demonstrate that FTX did not collapse as a result of one of the most fraud of companies in history,” noting the condemnation of SBFman-Fric on seven charges of fraud and conspiracy.
FTX claims that Binance received billions of dollars in Crypto during a re -purchase of 2021, and it was incorrectly funded with customer assets.
Binance rejects this claim, noting that “FTX remained a continuous concern for 16 months” after the shares of the shares and that “there was no reasonable claim”, the stock exchange was insolvent at that time.
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Zhao tweet and ftt destroy
The lawsuit also accuses the former CEO of Binance Changpeng Zhao of launching a collapse through a tweet on November 6, 2022, announcing the liquidation of FTT distinctive symbols.
In response, Bennes argued that Zhao’s tweet was based on public concerns. “Binance’s decision to filter the remaining FTT was, in fact,” due to the recent disclosure ” – in particular, Coindsk article on November 2, 2022″ that revealed the public budget for Alaeda Research.
The company defended Zhao’s comment that Binance will aim to reduce the impact of the market. “The complaint does not contain such facts” to demonstrate that Binance had no intention to follow up.
In the jurisdiction of the court, Bennes said that none of the foreign entities called “was combined or maintained its main workplace in the United States”, and thus falls outside the court.
The deposit also criticizes the prosecutor’s account as a “bag of the law of seizing the state law” based on “pure guessing – most of them are from the sources of the late fraud.”
Binance has requested the court to reject all claims of bias. The drug FTX did not provide after its response.
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FTX to spend $ 5 billion in the second round of payment of creditors
FTX is scheduled to start the second round of payment for creditors more than two years after the bankruptcy.
In the 15th notice of May, FTX Recovery Trust announced that more than $ 5 billion will be distributed from May 30 through Bito and Kraken, as the parties in the second group qualified under the stock exchange plan targeted.
According to the plan, five groups of classified creditors are expected to receive “comfort classes” between 54 % and 120 % of their claims. In total, FTX may pay up to $ 16 billion, depending on the final number of good demands.
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