PANews reported on May 20 that according to Decrypt, Binance has filed a motion with the Delaware Bankruptcy Court to dismiss the $1.76 billion recovery lawsuit filed by the FTX estate administrator. Binance said the lawsuit lacked legal basis and attempted to shift the responsibility for FTX's collapse from founder SBF to competitors. Binance emphasized that FTX's collapse was due to its huge internal fraud, not external tweets or fund transfers. Binance also claimed that the US court had no jurisdiction over its overseas entities.