CZ seeks dismissal of $1.76B FTX clawback lawsuit in Delaware

Changpeng “CZ” Zhao has asked a U.S. bankruptcy court to dismiss FTX’s $1.76 billion clawback lawsuit, claiming the court lacks jurisdiction over a foreign resident involved in offshore transactions.  Summary CZ seeks dismissal of FTX’s $1.76B clawback suit, citing lack of U.S. jurisdiction. The disputed 2021 share deal involved offshore entities and foreign transfers. Motion…

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‘Suboptimal Capital Leakage’ in GCC Due to Lack of Crypto ETPs, Warns Defi Tech President

In the Gulf Cooperation Council region, there is a significant gap in the availability of regulated digital asset exchange-traded products. According to Andrew Forson, this leads to capital being exported to other jurisdictions—a situation that not only results in financial losses but also hampers the development of local infrastructure and liquidity. GCC Lags Behind Europe…

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