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Former Benance CEO Changpeng Jhao has won the court by FTX to dismiss a trial, which searches for a deal of about $ 1.8 billion from a deal betrier benns and FTX, which was fudularly transferred to the claims of the Defect Exchange.
Jhao told a Delaware Bankruk Court that the suit appears “fruitless defect” for the action of the founder of FTX, the founder of FTX, which was kept in jail for 25 years after a high-profile fraud test.
Jhao, a resident of the United Arab Emirates, argued that such claims are “far from America” that “the law, which apply LAK Extractor, does not even apply.”
In November, FTX filed a case against Zhao, Benance and other appropriate people, claiming that FTX had transferred about $ 1.8 billion of about $ 1.8 billion to about $ 1.8 billion in Crypto in 2021, purchased to purchase excels.
FTX, now under the control of a team of lawyers looking to maximize the creditor returns, said the exchange and the bankman-Friday knew that the stock curses repairing, so the customer signed a deal to deal with money.
Zhao says that it was not part of the transfer
Zhao argued that the shares were a “every relevant part” of Ruarthiid outside the US, as Binen Institutions are established in Ireland, and the British Virgin Islands (BVI), and the British Virgin Islands (BVI) FTX-Linked Firm, Almeda Limited was also located in BVI.
He used cryptocurrency, ie Binense USD, a stabechoin created by the exchange, and the FTX token, which was made by FTX, was used.
“Plantifs did not say that Mr. Jhao received Dominion on the exchanged cryptocurrency or received dominion,” his lawyer.
He said that Jhao was “not a transfair” but “there was only one ‘nominal equivalent” in the transfer. “
Sahao says
Jhao said that his X post about the sale of FTX and Beenns’ FTT tokens did not contribute to the fall of Crypto Exchange as the company has alloped.
After Coindesk’s report in November 2022 that FTX’s holding was mostly made of FTT, Zhao posted the X that Binance was selling its ftt holdings.
FTX claimed that it was an attempt to spark customer withdrawals and sink the company.
Zhao also posted to X to buy Binens FTX and cover its deficiency, but quickly came out to buy the firm.
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However, Jhao said in his pace that his positions donated for a run on FTX and its collapse as a company was “a predecessor venture.”
“Even if Mr. Jhao’s social media post contributed to FTX’s time, he had no right to exist and certainly had no right to remain in the uncertainty of fraud.”
His lawyers argued, “FTX’s Employees will not be separated from placing the whistleblower label for the Ponzi plan to be caught by Sri Jhao Label, which was argued by his lawyers.
Benance also sought dismissal
In May, Binen Sol had dismissed FTX’s trial, arguing that it was “legally shortage”, and FTX’s collapse was completely because it was “one of the most corporate fraud in history.”
FTX also considered two former banns officers, former chief grievances officers Samuel Wenjun Lim and Dinghua Jio, who worked in various rules. Both asked the court to dismiss the case last month.
Jhao served four months in jail last year after being convicted for money laundering. In March 2024, the Bankman-Fride was given 25 years in the Muson in March 2024 for his role in FTX’s fraud. He has appealed to the cub and a hearing for November is scheduled.
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