CZ's $1.76 Billion Legal Dodge: How Crypto's Former King Plans His Great Escape
Key Points
- CZ files a motion to dismiss a $1.76 billion clawback demand...
Changpeng "CZ" Zhao just filed what might be the most expensive "not my problem" motion in crypto history. On August 6th, the former Binance chief told a Delaware court that their $1.76 billion clawback demand should go straight to the digital trash bin - because apparently, living in the UAE makes you immune to American lawsuits.
The Art of the International Dodge
CZ's defense strategy reads like a masterclass in jurisdictional gymnastics. His argument? Since he's chilling in Dubai and Binance is incorporated everywhere except Delaware (Ireland, Cayman Islands, British Virgin Islands - ...
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