Two former Binance Holdings Ltd. executives urged a court to remove them from an FTX trust’s lawsuit seeking to claw back $1.76 billion it alleges was fraudulently transferred by Sam Bankman-Fried.
Former Binance compliance head Samuel Wenjun Lim and former executive Dinghua Xiao said the US bankruptcy court lacks jurisdiction over them because they have limited ties to the US. They also said they never received any benefit from the FTX transfers in question, according to motions to dismiss filed July 11 in the US Bankruptcy Court for the District of Delaware.
FTX filed for Chapter 11 in November 2022 ...
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