Why zhao Is Trending Today?

Binance's former CEO, Changpeng 'CZ' Zhao, has requested a U.S. court to dismiss a $1.8 billion lawsuit filed against him by FTX. Zhao argues that the lawsuit, which alleges market manipulation and insider trading, lacks merit and is an attempt to distract from FTX's own failures.

Changpeng Zhao, the founder of Binance, has filed a motion to dismiss a $1.76 billion lawsuit brought against him by the FTX estate, arguing that the U.S. law does not apply offshore. He has also rejected FTX's blame and refused to pay a $1.8 billion demand. Meanwhile, Zhao's venture capital firm has led a $500 million crypto pivot for VAPE stock, which has seen a significant increase following the rebranding and adoption of BNB.