CZ Calls $1.8B FTX Lawsuit Nonsensical, Says U.S. Court Has No Jurisdiction

Changpeng Zhao (CZ), the former CEO of crypto exchange Binance, has filed a motion in the Delaware bankruptcy court asking them to dismiss a $1.8 billion FTX lawsuit. The case centers on a 2021 share repurchase deal between FTX and Zhao. CZ said that he lives in the UAE and that the US court lacks jurisdiction over him.