Changpeng ZHAO calls for dismissal of the FTX lawsuit: Ex-binance CEO relies on the lack of responsibility of the court in Delaware

Changpeng ZHAO calls for dismissal of the FTX lawsuit: Ex-binance CEO relies on the lack of responsibility of the court in Delaware

Changpeng Zhao Requests for the FTX lawsuit in Delaware

Changpeng "CZ" Zhao, the former CEO of the cryptocurrency exchange Binance, asked a court in Delaware to reject FTX's lawsuit against him. Zhao argues that the court see no basis for the lawsuit and led several points, which in his opinion speak for rejection.

This development is part of a legal dispute that attracts the attention of the cryptocurrency industry, especially since FTX was shaped by a significant rise and then in the past. Zhao's arguments could have a potentially impact on the outcome of the procedure, and it remains to be seen how the court will react at his request.

The legal challenges that Zhao and other leading heads are standing in the crypto industry reflect the growing tensions between different actors in the market. In particular, the dynamics between FTX and Binance are carefully pursued by many industry observers.

Zhao's advance of rejecting the lawsuit could also create important precedent in the area of crypto law that could influence future disputes in this fast-moving industry.