Binance has requested the Delaware bankruptcy court to dismiss FTX's $1.76 billion asset recovery lawsuit, stating that the lawsuit is "legally untenable" and denying any connection to the FTX crash. Binance stated that the collapse of FTX was due to large-scale fraudulent behavior by its own management. Binance also emphasizes that it is a foreign entity and that US courts have no jurisdiction over it. This lawsuit involves FTX in 2021