Binance Fires Back: Calls FTX’s $1.76B Clawback Demand ‘Legally Bankrupt’ in Court Dismissal Bid

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2025-05-20 06:44:21

Binance Seeks Dismissal of FTX’s $1.76B Clawback Suit, Calling It ‘Legally Deficient’

Binance isn’t just rejecting FTX’s $1.76 billion clawback lawsuit—it’s mocking the effort as ‘legally deficient’ in a scathing dismissal motion. The crypto giant’s lawyers argue the claim holds as much water as a sieve, while industry watchers chuckle at the irony of two collapsed giants squabbling over scraps.

Legal experts suggest this could set precedent for how bankruptcy courts handle crypto insolvencies—or just become another expensive footnote in the ‘greedy gamblers’ hall of fame.’ Either way, grab popcorn—this battle’s just heating up.

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