Bankrupt Crypto Exchange FTX Slams Three Arrows Capital’s $1.53B Claim: “3AC Is Owed Nothing”

Bankrupt Crypto Exchange FTX Slams Three Arrows Capital’s $1.53B Claim: “3AC Is Owed Nothing”

The $1.53 billion 3AC’s liquidators say the defunct hedge fund is owed is a steep increase from their initial claim for $120 million.

FTX Trust Slams Three Arrows’ “Illogical” $1.5 Billion Claim - USA Herald

The FTX Bankruptcy Recovery Trust officially filed a strong objection on Friday to a $1.53 billion claim made by the now-liquidated cryptocurrency hedge fund, Three Arrows Capital Ltd. (3AC). The Trust labeled the claim as “illogical and baseless,” arguing it significantly overstates the actual value of assets linked to 3AC’s FTX customer accounts and lacks any supporting evidence. In a detailed 94-page filing submitted to the U.S. Bankruptcy Co…

FTX Rejects $1.53B Claim by Three Arrows, Blames Risky Bets

In a recent court filing, the bankrupt crypto exchange argued that 3AC’s own reckless trading—not FTX’s actions—led to its downfall. The exchange insists it holds no responsibility for the losses Three Arrows incurred during the crypto market crash in June 2022. FTX: 3AC Collapse Was Self-Inflicted According to FTX’s legal team, 3AC borrowed heavily to bet on rising crypto prices, despite lacking the necessary capital. When the market turned, th…

FTX Pushes Back on Three Arrows Capital’s $1.53 Billion Claim

FTX Says Three Arrows’ $1.5 Billion Claim Is Unfounded And Self‑Inflicted - FinanceFeeds

Lawyers representing the FTX bankruptcy estate are asking a judge to throw out a $1.53 billion claim from collapsed hedge fund Three Arrows Capital (3AC), arguing the losses were of 3AC’s own making and not caused by FTX. In a court filing, FTX’s legal team said 3AC’s claim—which ballooned from $120 million to $1.5 billion late last year—relies on flawed assumptions and misrepresented facts. They called the claim “a fiction,” and urged the court…

FTX moves to block 3AC’s $1.5bn claim

The FTX estate is pushing back hard against a $1.5bn claim filed by collapsed crypto hedge fund Three Arrows Capital (3AC), calling it a “fantasy” built on misrepresented account balances and reckless leverage, according to a report by DLNews. In a 94-page filing submitted to the Delaware bankruptcy court on Friday, the FTX Recovery Trust urged the judge to disallow 3AC’s claim entirely, arguing it is “unreasonable and unsupportable.” The object…