Binance CEO Fights $1.76B FTX Clawback in Court Showdown

TLDR: Binance faces $1.76B clawback claim over FTX’s 2021 share repurchase using customer funds. Zhao argues Delaware courts lack jurisdiction due to his UAE residence and offshore entities. Binance cites safe-harbor rules for securities transfers to counter FTX’s fraud claims. The case could define U.S. bankruptcy reach over global crypto transactions and offshore gains. Binance [...]

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