PANews reported on August 6th that according to Bloomberg, Zhao Changpeng has requested the Delaware Bankruptcy Court to dismiss a $1.76 billion recovery lawsuit filed by FTX Trust. The trust claims the funds were improperly transferred to Binance by SBF (Sam Bankman-Fried). In his motion filed on Monday, Zhao stated that he is a resident of the United Arab Emirates and that the trust cannot prove it is within Delaware's jurisdiction. He emphasized that the claims have minimal relevance to the United States and that the regulations involved have no extraterritorial application. Previously, the trust and FTX Digital Markets sued Binance and several executives over a July 2021 share repurchase agreement with SBF. In July of this year, two former Binance executives filed to be removed from the lawsuit. Zhao Changpeng claimed that he was merely the "notional counterparty" in the transaction and accused FTX of "unreasonably" blaming Binance for its bankruptcy. He also stated that serving U.S. attorneys on foreign defendants is improper and would invalidate the lawsuit. Zhao Changpeng also stated that U.S. bankruptcy law does not explicitly apply to overseas fund transfers.