[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"nav-categories":3,"article-binance-seeks-dismissal-of-ftx-s-1-76-billion-lawsuit-denies-role-in-exchange-s-collapse":70},{"data":4},[5,37,57,64],{"name":6,"slug":7,"categories":8},"Productivity","productivity",[9,13,17,21,25,29,33],{"id":10,"title":11,"slug":12},17,"Branding","branding",{"id":14,"title":15,"slug":16},19,"Marketing","marketing",{"id":18,"title":19,"slug":20},20,"Work","work",{"id":22,"title":23,"slug":24},34,"Community","community",{"id":26,"title":27,"slug":28},21,"For newbies","for-newbies",{"id":30,"title":31,"slug":32},24,"Investment","investment",{"id":34,"title":35,"slug":36},22,"Finance","finance",{"name":38,"slug":39,"categories":40},"Tech","tech",[41,45,49,53],{"id":42,"title":43,"slug":44},28,"Technology","technology",{"id":46,"title":47,"slug":48},32,"Artificial Intelligence","artificial-intelligence",{"id":50,"title":51,"slug":52},26,"Security and protection","security-and-protection",{"id":54,"title":55,"slug":56},31,"YouTube Blog","youtube-blog",{"name":58,"slug":59,"categories":60},"News","news",[61],{"id":62,"title":58,"slug":63},18,"quasanews",{"name":65,"slug":66,"categories":67},"Business","business",[68],{"id":69,"title":65,"slug":66},16,{"post":71,"published_news":97,"popular_news":163,"categories":234},{"title":72,"description":73,"meta_title":72,"meta_description":74,"meta_keywords":75,"text":76,"slug":77,"created_at":78,"publish_at":79,"formatted_created_at":80,"category_id":34,"links":81,"view_type":86,"video_url":87,"views":88,"likes":89,"lang":90,"comments_count":89,"category":91},"Binance Seeks Dismissal of FTX’s $1.76 Billion Lawsuit, Denies Role in Exchange’s Collapse","Binance has filed a motion in Delaware Bankruptcy Court to dismiss a $1.76 billion lawsuit brought by the FTX estate in November 2024, labeling the claims “legally deficient” and asserting that Binance bears no responsibility for FTX’s collapse. The filing, submitted on May 16, 2025, marks the latest development in the ongoing legal battle between the two crypto giants.","The FTX crisis was initially sparked by a CoinDesk investigation into Alameda Research’s balance sheet, which revealed that a significant portion of its assets were tied to FTT tokens.","","\u003Cp>\u003Cstrong>Binance has filed a motion in Delaware Bankruptcy Court to dismiss a $1.76 billion lawsuit brought by the FTX estate in November 2024, labeling the claims “legally deficient” and asserting that Binance bears no responsibility for FTX’s collapse.\u003C/strong>\u003C/p>\n\n\u003Cp>\u003Cpicture class=\"image-align-left\">\u003Csource srcset=\"https://cdn.quasa.io/photos/01/image-2025-05-20t142418718.webp\" type=\"image/webp\">\u003Cimg alt=\"Binance Seeks Dismissal of FTX’s \u003Cimg.76 Billion Lawsuit, Denies Role in Exchange’s Collapse\" class=\"image-align-left\" height=\"267\" src=\"https://cdn.quasa.io/photos/01/image-2025-05-20t142418718.jpg\" width=\"200\" />\u003C/picture>The filing, submitted on May 16, 2025, marks the latest development in the ongoing legal battle between the two crypto giants.\u003C/p>\n\n\u003Cp>The lawsuit centers on a 2021 share repurchase deal in which FTX bought back Binance’s 20% stake in its international unit and 18.4% stake in its U.S.-based entity, West Realm Shires, for $1.76 billion in cryptocurrencies (BNB, BUSD, and FTT). FTX alleges that the transaction was funded with misappropriated customer funds at a time when both FTX and its sister company, Alameda Research, were insolvent.\u003C/p>\n\n\u003Cp>The estate claims the deal should be voided as a “constructive fraudulent transfer.” Additionally, FTX accuses former Binance CEO Changpeng Zhao of triggering its collapse through posts on X in November 2022, which allegedly sparked a massive wave of withdrawals.\u003C/p>\n\n\u003Cp>Zhao’s announcement of Binance’s plan to liquidate $529 million worth of FTT tokens reportedly caused the token’s value to plummet from $24 to $2.30 in days, exacerbating a liquidity crisis.\u003C/p>\n\n\u003Cp>The FTX crisis was initially sparked by a CoinDesk investigation into Alameda Research’s balance sheet, which revealed that a significant portion of its assets were tied to FTT tokens. This raised concerns about the exchange’s stability and the safety of user funds.\u003C/p>\n\n\u003Cp>\u003Cpicture class=\"image-align-right\">\u003Csource srcset=\"https://cdn.quasa.io/photos/01/image-2025-05-20t142419612.webp\" type=\"image/webp\">\u003Cimg alt=\"Binance Seeks Dismissal of FTX’s \u003Cimg.76 Billion Lawsuit, Denies Role in Exchange’s Collapse\" class=\"image-align-right\" height=\"267\" src=\"https://cdn.quasa.io/photos/01/image-2025-05-20t142419612.jpg\" width=\"200\" />\u003C/picture>Zhao’s public statement about selling Binance’s FTT holdings intensified the panic, leading to a surge in withdrawals—jumping from $18 million to $150 million per hour. Shortly after, Zhao announced a non-binding agreement to acquire FTX’s non-U.S. operations but backed out the next day, citing concerns over FTX’s financial health following due diligence.\u003C/p>\n\n\u003Cp>Within days, FTX froze withdrawals and filed for bankruptcy on November 11, 2022, marking one of the largest crypto exchange failures in history.\u003C/p>\n\n\u003Cp>Binance counters that FTX continued operating for 16 months after the 2021 deal, undermining claims of insolvency at the time of the transaction. The exchange also argues that Zhao’s posts on X were neither false nor misleading, as they followed CoinDesk’s report exposing FTX’s financial troubles.\u003C/p>\n\n\u003Cp>Furthermore, Binance asserts that the Delaware court lacks jurisdiction over the case, noting that Binance is not registered in the U.S. and that Zhao was not personally involved in the share repurchase deal.\u003C/p>\n\n\u003Chr />\n\u003Cp>\u003Cstrong>Also read:\u003C/strong>\u003C/p>\n\n\u003Cul>\n\t\u003Cli>\u003Ca href=\"https://quasa.io/media/french-prosecutors-deny-telegram-founder-pavel-durov-s-request-to-travel-to-u-s-for-investment-talks\">French Prosecutors Deny Telegram Founder Pavel Durov’s Request to Travel to U.S. for Investment Talks\u003C/a>\u003C/li>\n\t\u003Cli>\u003Ca href=\"https://quasa.io/media/creators-are-evolving-from-viral-content-to-sustainable-business-empires\">Creators Are Evolving: From Viral Content to Sustainable Business Empires\u003C/a>\u003C/li>\n\t\u003Cli>\u003Ca href=\"https://quasa.io/media/youtube-s-latest-updates-shine-a-spotlight-on-emerging-creators-and-their-communities\">YouTube’s Latest Updates Shine a Spotlight on Emerging Creators and Their Communities\u003C/a>\u003C/li>\n\u003C/ul>\n\n\u003Chr />\n\u003Cp>This lawsuit is part of FTX’s broader effort to recover assets for creditors, who are owed over $11 billion. The FTX Recovery Trust has announced that a new round of distributions, totaling over $5 billion, will begin on May 30, 2025, through platforms like BitGo and Kraken.\u003C/p>\n\n\u003Cp>FTX founder Sam Bankman-Fried, convicted of fraud and misappropriation of customer funds, is currently serving a 25-year prison sentence. The case highlights the contentious fallout from FTX’s collapse and raises questions about accountability in the crypto industry’s competitive landscape.\u003C/p>\n\n\u003Cp>Author: \u003Ca href=\"https://www.linkedin.com/in/slava-vasipenok/\">Slava Vasipenok\u003C/a>\u003Cbr />\nFounder and CEO of \u003Ca href=\"https://quasa.io/team\">QUASA\u003C/a> (quasa.io) - Daily insights on Web3, AI, Crypto, and Freelance. Stay updated on finance, technology trends, and creator tools - with sources and real value.\u003C/p>\n\n\u003Cp>Innovative entrepreneur with over 20 years of experience in IT, fintech, and blockchain. Specializes in decentralized solutions for freelancing, helping to overcome the barriers of traditional finance, especially in developing regions.\u003C/p>\n\n\u003Cp>This is not financial or investment advice. Always do your own research (DYOR).\u003C/p>","binance-seeks-dismissal-of-ftx-s-1-76-billion-lawsuit-denies-role-in-exchange-s-collapse","2025-05-20T12:28:27.000000Z","2025-05-25T03:14:00.000000Z","25.05.2025",{"image":82,"image_webp":83,"thumb":84,"thumb_webp":85},"https://cdn.quasa.io/images/news/PowAWRU5VpslHOMkSMiiHeIKqavuayC7Rhz36XPH.jpg","https://cdn.quasa.io/images/news/PowAWRU5VpslHOMkSMiiHeIKqavuayC7Rhz36XPH.webp","https://cdn.quasa.io/thumbs/news-thumb/images/news/PowAWRU5VpslHOMkSMiiHeIKqavuayC7Rhz36XPH.jpg","https://cdn.quasa.io/thumbs/news-thumb/images/news/PowAWRU5VpslHOMkSMiiHeIKqavuayC7Rhz36XPH.webp","small",null,1036,0,"en",{"id":34,"title":35,"slug":36,"meta_title":92,"meta_description":93,"meta_keywords":94,"deleted_at":87,"created_at":95,"updated_at":96,"lang":90},"Quasa Media's Growth Hacking Finance Blog","Trends in financial literacy. 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Nails It: Thunderbolt Brings “ChatGPT at Home” to the Enterprise — Without Vendor Lock-In","While OpenAI and Anthropic race to sell their proprietary AI platforms to big corporations, Mozilla’s subsidiary MZLA Technologies has taken a very different 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advertising that masquerades as organic content.","x-is-finally-cracking-down-on-unlabeled-ads-and-it-s-personal","2026-04-19T15:07:48.000000Z",{"title":65,"slug":66},{"image":145,"image_webp":146,"thumb":147,"thumb_webp":148},"https://cdn.quasa.io/images/news/CQJ1gdssFGyJpfhfmRU2X4WT5fk5Boc8APXsjWX6.jpg","https://cdn.quasa.io/images/news/CQJ1gdssFGyJpfhfmRU2X4WT5fk5Boc8APXsjWX6.webp","https://cdn.quasa.io/thumbs/news-thumb/images/news/CQJ1gdssFGyJpfhfmRU2X4WT5fk5Boc8APXsjWX6.jpg","https://cdn.quasa.io/thumbs/news-thumb/images/news/CQJ1gdssFGyJpfhfmRU2X4WT5fk5Boc8APXsjWX6.webp",79,{"title":151,"description":152,"slug":153,"created_at":154,"publish_at":155,"formatted_created_at":118,"category":156,"links":157,"view_type":86,"video_url":87,"views":162,"likes":89,"lang":90,"comments_count":89,"is_pinned":112},"Bitcoin Developers Propose BIP-361: Quantum-Proof Migration That Would Freeze Millions of Legacy Coins","In a move that could reshape the security of Bitcoin’s unspent transaction 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Anatomy of an Entrepreneur","Entrepreneur is a French word that means an enterpriser. Enterprisers are people who undertake a business or enterprise with the chance of earning profits or suffering from loss.","the-anatomy-of-an-entrepreneur","2021-08-04T15:18:21.000000Z","2025-12-14T06:09:00.000000Z","14.12.2025",{"title":65,"slug":66},{"image":173,"image_webp":87,"thumb":174,"thumb_webp":174},"https://cdn.quasa.io/images/news/mVsXPTMuHZuI7UXCsENgL1Qwp1uSOf7Rz3uVPMfm.webp","https://cdn.quasa.io/thumbs/news-thumb/images/news/mVsXPTMuHZuI7UXCsENgL1Qwp1uSOf7Rz3uVPMfm.webp",70876,2,{"title":178,"description":179,"slug":180,"created_at":181,"publish_at":182,"formatted_created_at":183,"category":184,"links":185,"view_type":190,"video_url":87,"views":191,"likes":192,"lang":90,"comments_count":89,"is_pinned":112},"Advertising on QUASA","QUASA MEDIA is read by more than 400 thousand people a month. We offer to place your article, add a link or order the writing of an article for publication.","advertising-on-quasa","2022-07-06T07:33:02.000000Z","2025-12-15T17:33:02.000000Z","15.12.2025",{"title":58,"slug":63},{"image":186,"image_webp":187,"thumb":188,"thumb_webp":189},"https://cdn.quasa.io/images/news/45SvmdsTQbiyc3nxgbyHY1mpVbisYyub2BCHjqBL.jpg","https://cdn.quasa.io/images/news/45SvmdsTQbiyc3nxgbyHY1mpVbisYyub2BCHjqBL.webp","https://cdn.quasa.io/thumbs/news-thumb/images/news/45SvmdsTQbiyc3nxgbyHY1mpVbisYyub2BCHjqBL.jpg","https://cdn.quasa.io/thumbs/news-thumb/images/news/45SvmdsTQbiyc3nxgbyHY1mpVbisYyub2BCHjqBL.webp","large",70640,4,{"title":194,"description":195,"slug":196,"created_at":197,"publish_at":198,"formatted_created_at":199,"category":200,"links":201,"view_type":86,"video_url":87,"views":204,"likes":192,"lang":90,"comments_count":89,"is_pinned":112},"What is a Startup?","A startup is not a new company, not a tech company, nor a new tech company. You can be a new tech company, if your goal is not to grow high and fast; then, you are not a startup. ","what-is-a-startup","2021-08-04T12:05:17.000000Z","2025-12-17T13:02:00.000000Z","17.12.2025",{"title":65,"slug":66},{"image":202,"image_webp":87,"thumb":203,"thumb_webp":203},"https://cdn.quasa.io/images/news/EOsQhSW3VXyG7a6NPdE1oZd00xfJXe3bjY5aJGb7.webp","https://cdn.quasa.io/thumbs/news-thumb/images/news/EOsQhSW3VXyG7a6NPdE1oZd00xfJXe3bjY5aJGb7.webp",68271,{"title":206,"description":207,"slug":208,"created_at":209,"publish_at":210,"formatted_created_at":211,"category":212,"links":213,"view_type":86,"video_url":87,"views":218,"likes":176,"lang":90,"comments_count":219,"is_pinned":112},"Top 5 Tips to Make More Money as a Content Creator","Content creators are one of the most desired job titles right now. 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