-
Binance founder Changpeng Zhao seeks dismissal of FTX estate's $1.76 billion clawback lawsuit
Changpeng Zhao, cofounder and former CEO of Binance, has asked a U.S. bankruptcy court to dismiss claims in a lawsuit brought by the FTX bankruptcy estate, which is seeking to recover $1.76 billion allegedly exchanged between the two entities. In a filing submitted Monday, Zhao argued that his residency in the UAE places him beyond Delaware's legal jurisdiction. The filing also cited the cross-border nature of the disputed transactions, arguing that the relevant U.S. statutes lack extraterritorial reach. "Plaintiffs' fraudulent transfer claims improperly demand the extension of bankruptcy law abroad," the filing said. ... (full story)
- Comments / Top
- Subscribe
-
Related Stories
MetaMask, a popular non-custodial crypto wallet, is planning to launch an exclusive stablecoin in partnership with Stripe, a well-known payment processing platform. Based on the proposal for MetaMask USD’s ($mmUSD) launch, the stablecoin aims to offer a completely fiat-pegged digital asset while seamlessly integrating into the wallet ecosystem of MetaMask. ...
From finance.yahoo.com | Aug 6, 2025
Coinbase is the closest thing crypto has to a blue-chip name: a booming exchange that joined the S&P 500 this year and at one point surged 69% to a $106 billion market value. That streak just hit a wall. The stock plunged 17% last week after disappointing results, in its second-worst post-earnings drop. Analysts question whether Coinbase can keep using its ...
From morningstar.com | Aug 6, 2025
The Coinbase ad actually never mentions crypto once The Coinbase television commercial has generated fierce debate, especially after it was banned A Coinbase Global ad - which doesn't even mention the cryptocurrency dealer's services once - has proved so controversial that it was rejected by regulators and prevented from airing on television, provoking a ...
