Zhao Changpeng applies to reject FTX Trust's $1.76 billion claim against him

According to Bloomberg, Zhao Changpeng has requested the Delaware bankruptcy court to dismiss FTX Trust's $1.76 billion recovery claim lawsuit against him. The trust claims that the funds were improperly transferred to Binance by SBF (SBF). Zhao Changpeng stated in the motion submitted on Monday that he is a resident of the United Arab Emirates and the trust cannot prove that it is within the jurisdiction of Delaware. He emphasized that the relevant claims have little connection to the United States and the regulations involved have no extraterritorial applicability. Previously, the trust and FTX Digital Market sued Binance and several executives over the share repurchase agreement with SBF in July 2021. In July of this year, two former executives of Binance applied for removal from the lawsuit. Zhao Changpeng claimed that he was just trading; Nominal counterparty; Blame the FTX side; It's completely unreasonable; Blame the bankruptcy on Binance. He also pointed out that serving American lawyers on foreign defendants is improper behavior and would render the lawsuit invalid. Zhao Changpeng also stated that the US bankruptcy law does not explicitly apply to overseas fund transfers.