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

The FTX bankrupt team ends in a huge claim made by the collapsed hedge fund three capital shares, known as 3AC. The claim of $ 1.53 billion, according to the FTX legal report, is not only exaggerated, but also based on defective assumptions and mismanagement of risk by 3AC itself. In court documents, FTX argues that the 3.5 billion dollar demands ignore the main facts about margin violations and withdrawal of boxes.

At the heart of the conflict, there is a series of custom trades that 3AC put on the FTX platform before the two companies are subject. FTX says 3AC ignored the margin calls, withdrew money instead of spreading a guarantee, and finally forced FTX to liquidate its positions. Now, the 3c hallmuts want the court to believe that FTX owes them more than a billion dollars.

What actually happened with a 3AC account

Again in 2022, 3ac held a Great Margin trading account on FTX. This was soon, the broader encryption market was reeling from the collapse of Terra and the loss of general confidence. 3AC has borrowed money and put large bets on the platform. When the market turned and the value of these situations decreased, FTX says it sent warning alerts that the account has decreased to less than the margin requirements.

Lawyers l #FTX Estate Estate has objected to a $ 1.53 billion claim from Three Arrows Capital at Three Arrows Capital, under that #3ACHer actions led to her losses.

FTX claims that widespread trading in 3AC and margin – funded by a $ 120 million credit line of … pic.twitter.com/djdzy82stw

MPOST Media Group (MPOST_IO) June 23, 2025

According to court files, 3ac gold Silent for more than six hours Instead it was withdrawn $ 18 million in Ethereum of the account. Then FTX liquidated positions, claiming that this step was not only permitted under the terms of the agreement, but it is necessary to avoid deep losses. After the liquidation, the account still holds $ 82 million, and the FTX argues that leaving the position for a longer period will lead to a negative balance.

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Why FTX thinks that the claim is inflated

The FTX legal team requests the Dilayer bankruptcy court to refuse the full claim. They argue that 3ac is trying to rewrite history by blame FTX for its bad decisions. From their point of view, the tremendous exposure to the hedge fund, the late response, and the sudden withdrawal of the money created a hole in the account. FTX had no choice but to close it.

To enhance her case, FTX Brought Adviser from Alvarez & Marsal, who rebuilt trading data Find The liquidation is justified. A legal expert in the British Virgin Islands Law, where 3AC was established, said that the legal theory behind the 3AC claim did not stand up.

The numbers also do not add completely. FTX He says The encryption balance was in a 3AC account around $ 1.02 billionbut after Put off The obligations, withdrawal and valuable lost during the market collapse, was the final balance a lot smaller. FTX argues that 3AC claim It is worth 1.53 billion dollars simply Not What happened?.

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What comes after that in the case

The 3c team has until July 11 to formally respond to the objection. = “” ” Decide How much, if any, from a 3AC claim of $ 1.5 billion Make a feetA-PRESERIVER-SAPaces = “True”>.

FTX bankruptcy continues to link billions, and many creditors are waiting for clarity. This condition can affect speed and fairness Remaining Money is distributed. It also raises questions about how to address allegations between failed encryption companies on both sides to make Serious errors. 3.5 billion dollars 3AC claims how collapsed encryption companies deal with creditors.

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