FTX has formally asked the court to reject Three Arrows Capital’s (3AC) $1.5 billion claim, arguing the losses were entirely self-inflicted. FTX says the $82 million forced liquidation of 3AC’s assets was contractually justified after 3AC breached margin agreements and withdrew ETH instead of adding collateral. The filing argues 3AC’s claim is baseless and attempts to exploit the bankruptcy process to cover up its failed strategy. FTX maintains that no action on its part caused any loss. 3AC must respond by July 11, with a non-evidentiary hearing scheduled for August 12.

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