{"id":36479,"date":"2025-08-06T07:11:03","date_gmt":"2025-08-06T07:11:03","guid":{"rendered":"https:\/\/dev.tradesilvania.com\/legal-battle-heats-up-zhao-challenges-ftxs-1-76-billion-claim\/"},"modified":"2025-08-06T07:11:03","modified_gmt":"2025-08-06T07:11:03","slug":"legal-battle-heats-up-zhao-challenges-ftxs-1-76-billion-claim","status":"publish","type":"post","link":"https:\/\/www.tradesilvania.com\/en\/news\/legal-battle-heats-up-zhao-challenges-ftxs-1-76-billion-claim\/","title":{"rendered":"Legal Battle Heats Up: Zhao Challenges FTX\u2019s $1.76 Billion Claim"},"content":{"rendered":"<p>\n                <img decoding=\"async\" src=\"https:\/\/www.tradesilvania.com\/wp-content\/uploads\/2025\/12\/Legal-Battle-Heats-Up-Zhao-Challenges-FTX-s-1.76-Billion-Claim.png\" alt=\"Legal Battle Heats Up: Zhao Challenges FTX\u2019s $1.76 Billion Claim\" \/>\n            <\/p>\n<p>Changpeng Zhao, founder and former CEO of Binance, has requested a U.S. court to dismiss a lawsuit filed by the FTX bankruptcy estate. In this case, FTX is seeking to recover $1.76 billion, alleging that Binance unjustly obtained these funds.<\/p>\n<p>The lawsuit, initially filed in November 2024, concerns a 2021 transaction when Binance sold its approximately 20% stake in FTX. In return, Binance received cryptocurrencies, including the FTT token. FTX claims that this payment was improper and that the funds must be returned.<\/p>\n<p>In the filing submitted Monday, Zhao stated that he resides in the United Arab Emirates and therefore the Delaware court has no jurisdiction over him. He also argued that the transactions took place internationally and that U.S. law does not apply in this case.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>            Changpeng Zhao, founder and former CEO of Binance, has requested a U.S. court to dismiss a lawsuit filed by the FTX bankruptcy estate. In this case, FTX is seeking to recover $1.76 billion, alleging that Binance unjustly obtained these funds.<\/p>\n<p>The lawsuit, initially filed in November 2024, concerns<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[95],"tags":[99,98],"class_list":["post-36479","post","type-post","status-publish","format-standard","hentry","category-news","tag-en","tag-news"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Legal Battle Heats Up: Zhao Challenges FTX\u2019s $1.76 Billion Claim<\/title>\n<meta name=\"description\" content=\"Changpeng Zhao seeks dismissal of FTX lawsuit for $1.76 billion. FTX lawsuit aims to recover $1.76 billion from Binance founder.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.tradesilvania.com\/en\/news\/legal-battle-heats-up-zhao-challenges-ftxs-1-76-billion-claim\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Legal Battle Heats Up: Zhao Challenges FTX\u2019s $1.76 Billion Claim\" \/>\n<meta property=\"og:description\" content=\"Changpeng Zhao seeks dismissal of FTX lawsuit for $1.76 billion. FTX lawsuit aims to recover $1.76 billion from Binance founder.\" \/>\n<meta property=\"og:site_name\" content=\"Tradesilvania\" \/>\n<meta property=\"article:published_time\" content=\"2025-08-06T07:11:03+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.tradesilvania.com\/wp-content\/uploads\/2025\/12\/Legal-Battle-Heats-Up-Zhao-Challenges-FTX-s-1.76-Billion-Claim.png\" \/>\n<meta name=\"author\" content=\"Ciprian Dobrescu\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Ciprian Dobrescu\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/www.tradesilvania.com\/en\/news\/legal-battle-heats-up-zhao-challenges-ftxs-1-76-billion-claim\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.tradesilvania.com\/en\/news\/legal-battle-heats-up-zhao-challenges-ftxs-1-76-billion-claim\/\"},\"author\":{\"name\":\"Ciprian Dobrescu\",\"@id\":\"https:\/\/www.tradesilvania.com\/en\/#\/schema\/person\/8b618e5f08987bd1790437e243343e0e\"},\"headline\":\"Legal Battle Heats Up: Zhao Challenges FTX\u2019s $1.76 Billion Claim\",\"datePublished\":\"2025-08-06T07:11:03+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.tradesilvania.com\/en\/news\/legal-battle-heats-up-zhao-challenges-ftxs-1-76-billion-claim\/\"},\"wordCount\":135,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/www.tradesilvania.com\/en\/#organization\"},\"image\":{\"@id\":\"https:\/\/www.tradesilvania.com\/en\/news\/legal-battle-heats-up-zhao-challenges-ftxs-1-76-billion-claim\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.tradesilvania.com\/wp-content\/uploads\/2025\/12\/Legal-Battle-Heats-Up-Zhao-Challenges-FTX-s-1.76-Billion-Claim.png\",\"keywords\":[\"en\",\"News\"],\"articleSection\":[\"News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.tradesilvania.com\/en\/news\/legal-battle-heats-up-zhao-challenges-ftxs-1-76-billion-claim\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.tradesilvania.com\/en\/news\/legal-battle-heats-up-zhao-challenges-ftxs-1-76-billion-claim\/\",\"url\":\"https:\/\/www.tradesilvania.com\/en\/news\/legal-battle-heats-up-zhao-challenges-ftxs-1-76-billion-claim\/\",\"name\":\"Legal Battle Heats Up: Zhao Challenges FTX\u2019s $1.76 Billion Claim\",\"isPartOf\":{\"@id\":\"https:\/\/www.tradesilvania.com\/en\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.tradesilvania.com\/en\/news\/legal-battle-heats-up-zhao-challenges-ftxs-1-76-billion-claim\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.tradesilvania.com\/en\/news\/legal-battle-heats-up-zhao-challenges-ftxs-1-76-billion-claim\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.tradesilvania.com\/wp-content\/uploads\/2025\/12\/Legal-Battle-Heats-Up-Zhao-Challenges-FTX-s-1.76-Billion-Claim.png\",\"datePublished\":\"2025-08-06T07:11:03+00:00\",\"description\":\"Changpeng Zhao seeks dismissal of FTX lawsuit for $1.76 billion. 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