Changpeng Zhao, the founder of Binance, has requested a Delaware bankruptcy court to dismiss a lawsuit filed by FTX, which seeks to recover nearly $1.8 billion. FTX claims that this amount was fraudulently transferred to Binance for a share repurchase deal. Zhao argues that the lawsuit incorrectly blames him for the actions of Sam Bankman-Fried, FTX's founder, who is imprisoned for fraud. He contends that the lawsuit's claims lack relevance to US law since the transactions occurred outside the United States, involving entities based in jurisdictions like Ireland and the Cayman Islands. Zhao’s legal team further states that there is no evidence that he received any cryptocurrency from the transaction. Additionally, Zhao asserts that his statements about Binance selling FTT tokens did not contribute to FTX's downfall, which he labels as a fraudulent enterprise. He compares the situation to blaming a whistleblower for exposing a Ponzi scheme. Binance previously sought a dismissal of FTX’s claims, arguing that the case is legally weak and that FTX's collapse was primarily the result of massive fraud.

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