Binance CEO Dey Ask Make Dem Dismiss $1.76B FTX Suit Over Jurisdiction
Binance CEO Changpeng Zhao don file motion for Delaware Bankruptcy Court to cancel di $1.76B FTX case wey FTX Trust file based on one 2021 share repurchase agreement. Di FTX waka dey accuse say Sam Bankman-Fried trasfer money wey no correct to Binance. Zhao talk sey him dey live for UAE, no be inside US jurisdiction, say US bankruptcy law no fit follow go outside USA, plus say di way dem take serve di case no correct. Two former Binance big men bin still try dis kind motion before for July. Dis your challenge from Binance CEO go test how border dem dey hold for crypto matter and fit change how dem dey try get money back, regulate, plus recovery method dem for digital asset bankruptcy.
Neutral
Wit di CEO of Binance Changpeng Zhao dey challenge jurisdiction, e just wan reduce legal risk, no be to handle di main palava dem. Dis kind procedural moves no too dey affect market mood well well. For short time, BNB price no go too change as traders dey wait court talk. For long run, if dem fit cancel di case, e fit reduce Binance own wahala and fit make BNB stable, but dis legal mata na just to test law example no be to change main thing dem. So, di overall effect for BNB market na neutral.