ftx

It started in 2021. Bull run. Everything was green. I wasn’t just making money—I was printing it. I turned $40,000 into over $2.2 million in less than 10 months. Meme coins, new listings, high-leverage plays. I thought I was a genius.
Then came the crash.
But it wasn’t one big event. It was slow. At first, I didn’t sell because “it’s just a dip.” Then came Terra. I had $500k in UST. Gone overnight. I told myself, “It’s okay, you still have $AVAX , $SOL , $MATIC .”
Then Celsius happened. I had $200k staked there.
Then #FTX . $300k stuck. I cried.
But the worst part? I didn’t take profits. I always thought it would go higher. I chased every pump. I followed Twitter influencers like they were prophets. I doubled down. I even took a loan against my crypto. Liquidated. Wiped out.
From $2.2 million to $14,000. That was my balance last December.
I stopped trading for a while. I blamed the market. I blamed others. But deep down—I blamed myself.
Here’s what I learned:
Always take profits. Paper gains mean nothing until you cash outNever fall in love with a coin. Loyalty is expensive.If it feels like a sure win, run. Euphoria is a sell signal.Don’t trade money you can’t afford to lose. Ever.

Now I’m back. Smarter. Cautious. Still love crypto—but I’m treating it like what it is: a high-risk game of timing, not belief.
If you’re reading this and sitting on profits—don’t be me. Take some off the table.
And if you’ve lost it all… you’re not alone.
🧠💸 #CryptoLessons #Mistake #

A fierce legal battle has erupted between two bankrupt crypto giants – exchange FTX and hedge fund Three Arrows Capital (3AC). FTX is firmly pushing back against 3AC’s $1.5 billion claim, arguing that the fund's losses stemmed from its own reckless strategies.

🔹 FTX: 3AC’s Claim Is Baseless
In a detailed 94-page objection filed on June 20 in U.S. Bankruptcy Court in Delaware, lawyers representing the FTX Recovery Trust urged the judge to fully dismiss 3AC’s claim, calling it “unfounded” and “illogical.”
According to FTX, 3AC’s actual balance on the platform at the time of bankruptcy was only $284 million—not the nearly $1.6 billion the hedge fund claims. The exchange states this is because 3AC owed $733 million in margin debt, which was subtracted from the balance.
FTX argues that 3AC is now trying to offload the consequences of its high-risk bets onto other creditors. “FTX creditors should not be the guarantors of Three Arrows Capital’s failed trades,” the filing reads.

🔹 Billions Vanished in Just Two Days
Most of 3AC’s funds allegedly “evaporated” in just two days in June 2022 during a major crypto market crash. About $222 million was lost due to market movements, and an additional $60 million was withdrawn by 3AC itself.
FTX claims it only liquidated $82 million – fully permitted under its terms of service – in order to prevent the account from going into a negative balance.

🔹 3AC’s Claim Has Ballooned
Notably, 3AC originally filed a $120 million claim in 2023. That amount was increased to $1.53 billion in November 2024. The fund’s liquidators argue that FTX failed to meet its obligations and delayed disclosure of key information regarding the liquidations.
While Judge John Dorsey has ruled in 3AC’s favor on some discovery-related matters, the overall claim remains under review.

🔹 FTX: Liquidation Was Contractual, Not Seizure
FTX insists that there was no “seizure” of assets, but rather a contractual conversion of volatile crypto holdings into U.S. dollars—a move they say preserved 3AC’s value rather than destroyed it.
FTX also disputes the accuracy of 3AC’s figures, accusing the fund of inflating its balances. According to the objection, 3AC’s real crypto balance at its peak was $1.02 billion, not $1.59 billion, and it owed $733 million—not $1.3 billion.

🔹 Ruling Expected in August
If the court sides with FTX, 3AC’s claim could be completely rejected or downgraded to an unsecured claim—resulting in only a fraction of the requested amount being recovered.
3AC’s official response is due by July 11, and the court hearing is scheduled for August 12.

#FTX , #CryptoNews , #CryptoScandal , #DigitalAssets , #CryptoMarket

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FTX's lawyers rejected a $1.53 billion claim filed by Three Arrows Capital ( 3AC ), arguing that the hedge fund's losses were self-inflicted.
Notorious Sam Bankman Freud's defunct crypto exchange FTX has flatly rejected the massive $1.53 billion claims of Three Arrow Capital (3AC), the crypto hedge fund that collapsed after the Terra LUNA crash.
This comes within months of a Delaware bankruptcy court judge allowing 3AC to increase its bankruptcy claims 10-fold, from $120 million to $1.53 billion. In a court filing last Friday,

FTX lawyers rejected the claims, saying 3AC's losses were self-inflicted and the claims should be "dismissed in their entirety."
FTX lawyers say 3AC's demands are unreasonable.
In June 2023, 3AC filed a claim in the FTX bankruptcy estate for $120 million. However, in November 2024 last year, after getting permission from a Delaware court judge, it increased the amount 10 times to $1.53 billion. The liquidators claimed that FTX controlled $1.53 billion in 3AC’s assets, which were liquidated in 2022 to meet liabilities, ultimately accelerating 3AC’s demise.
They claimed the transactions were avoidable and accused FTX of delaying the release of information that could have led to liquidation sooner.
Recent pushback from lawyers came after the crypto exchange began distributing $5 billion to creditors.
FTX lawyers have criticized defunct hedge fund 3AC, saying it is trying to blame the estate for its collapse. Lawyers said the claim was based on "an unreasonable and unsupportable premise, inaccurate data, and blindness to the actual events that occurred."
Lawyers explain why 3AC was abolished.
According to FTX, Three Arrow Capital's liquidation was primarily due to its own extensive placement and margin trading activities, which were partially financed by a $120 million line of credit from FTX.
FTX’s legal team acknowledged the $82 million forced liquidation, saying it was contractually in accordance with the terms of the credit and margin agreements. As a result, the exchange is not liable for 3AC’s collapse.
In June 2022, after Terra collapsed, Three Arrows Capital’s account allegedly fell below the $240 million margin requirement.
Instead of meeting the account's margin requirement, 3AC allegedly ignored FTX's attempts to negotiate and proceeded to withdraw $18 million worth of Ethereum (ETH). In response, FTX liquidated the account, recovering $82 million.
Going forward, Three Arrow Capital has until July 11 to file its response, with a non-evidentiary hearing set for August 12. Lawyers representing FTX stated that 3AC was “attempting to extract value from the borrowers' properties at the expense of legitimate creditors.
#FTX #SamBankman-Fried #CryptoNewss #exchange #Market_Update

Юристи обанкрутілої криптобіржі FTX подали клопотання до суду Делавера про відхилення позову хедж-фонду Three Arrows Capital (3AC) на $1,5 млрд. Вони стверджують, що претензії 3AC «юридично неспроможні», оскільки збитки фонду спричинені його власними торговими операціями та виведенням коштів, а не діями FTX. Позов 3AC базується на припущенні, що FTX змусила фонд ліквідувати позиції під час краху 2022 року, що призвело до значних втрат.
FTX, яка перебуває в процесі банкрутства, активно працює над поверненням активів для компенсації клієнтам. Юристи біржі наголошують, що 3AC не має підстав вимагати відшкодування, адже їхні дії були свідомими ринковими рішеннями. Слухання у справі заплановане на 12 серпня 2025 року, а 3AC має подати відповідь до 11 липня.
Цей позов є частиною ширшої програми FTX щодо врегулювання боргів, які перевищують $11 млрд. Біржа вже зібрала $16,3 млрд для виплат, що дає змогу покрити 118% збитків для 98% клієнтів. Ринок уважно стежить за справою, адже вона може вплинути на майбутні банкрутства в криптосфері.
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#FTX #ThreeArrowsCapital #CryptoLawsuit #bankruptcy #CryptoMarket #Bitcoin #Investing

“Chocs géopolitiques, effondrements de plateformes, bulles spéculatives… Voici les 6 plus grandes chutes du marché crypto depuis 2009”
🚀 2009–2013 : Premiers pas et premières secousses
- Cause : Adoption naissante du Bitcoin, spéculation irrépressible.
- Chute (2013) : BTC passe de 266 $ à 50 $ en quelques heures.
- Effets : Fermeture de Mt. Gox, perte de crédibilité initiale.
🚀 2017–2018 : Bulle des ICO
- Cause : Explosion des levées de fonds via ICO, euphorie spéculative.
- Chute : BTC chute de 20 000 $ à 3 000 $.
- Effets : Régulations renforcées, assainissement du marché.
🚀Mars 2020 : Effondrement COVID-19
- Cause : Panique mondiale sur les marchés.
- Chute : BTC perd plus de 50 % en une journée.
- Effets : Liquidations massives, mais rebond rapide.
🚀2022 : Crise Terra (LUNA) et FTX
- Cause : Effondrement de l’écosystème TerraUSD, puis faillite de FTX.
- Chute : Plus de 1 000 milliards $ de capitalisation perdus.
- Effets : Réduction de la liquidité, méfiance accrue.
🚀 Avril 2025 : Tarifs douaniers et tensions commerciales
- Cause : Retour des tarifs douaniers par l’administration Trump.
- Chute : BTC -10 %, ETH -20 % en 48h.
- Effets : Fuite vers les actifs refuges, volatilité accrue
🚀Juin 2025 : Frappes USA/Israël sur l’Iran
- Cause : Attaques ciblées sur des sites nucléaires iraniens.
- Chute : BTC passe sous les 103 000 $, ETH -9 %, 1,14 milliard $ liquidés en 24h.
- Effets : Remise en question du Bitcoin comme valeur refuge, fuite vers l’or, incertitude géopolitique majeure.
Laquelle de ces crises vous a le plus marqué?

#cryptomonnaie #LUNA✅ #FTX #BTC #infographic

The head of FTX founder Sam Bankman-Fried's (SBF) legal team, David Mills, admitted that the chances of winning the fraud lawsuit were virtually nil. He spoke about this in an interview with Bloomberg .“It’s almost impossible to win a case when three or four co-founders are accusing you. Even if they are all lying through their teeth, it is really very difficult to win in this case,” the lawyer explained.Mills knew that Bankman-Fried would face at least three important witnesses: Alameda CEO Caroline Ellison , FTX co-founder Gary Wang , and the exchange's head of engineering Nishad Singh . The lawyer said SBF "went off script" when he testified before the jury during the trial. However, he had no other choice after the statements of his former colleagues, the defense lawyer admitted. At the same time, Mills described Bankman-Fried as "the worst person I've ever seen under cross-examination." During the procedure, the former head of FTX unsuccessfully tried to refute several incriminating statements, only convincing the jury of his guilt, the lawyer clarified. The lawyer also said that he agreed to defend Bankman-Fried at the request of his parents. Mills was probably a friend of Joseph Bankman and Barbara Freed and worked for free.At the end of the interview, he added that he would no longer take on the affairs of close people:“I don’t intend to get emotionally involved in a case like this again on a very deep personal level.”On November 2, SBF was found guilty of seven counts of money laundering, fraud and conspiracy and faces a maximum penalty of 115 years in prison. Sentencing is scheduled for March 28, and his lawyers are expected to appeal.The founder of FTX was taken into custody in Brooklyn Prison (New York). According to the WSJ, he shared a cell with former Honduran President Juan Hernandez and gave advice to guards about investing in cryptocurrency.Let's remember that in December, blogger Tiffany Fong interviewed former mafioso Gene Borrello, who was sitting with Bankman-Fried. He said SBF was initially "out of its element" and was targeted for attacks due to its timid nature and "80-year-old body." #FTXRevival #ftx #BinanceTournament #cryptonews #crypto2023