⚖️ FTX Rejects 3AC’s $1.5B Claim — What It Means for Crypto Markets

FTX lawyers call 3AC’s $1.53B claim “illogical and baseless,” blaming 3AC’s collapse on its own risky trading strategy.

Dispute over account balances and liquidation amounts intensifies.

FTX claims liquidation helped preserve 3AC’s assets by shifting from crypto to fiat.

3AC must reply by July 11; hearing on Aug 12.

Market Impact: Legal battles could add uncertainty and volatility to DeFi and hedge fund-linked tokens. Stay alert!

🔥 $FTT (FTX Token) Trading Setup 🔥

📉 Current Price: ~$0.765

⚖️ Facing ongoing legal & restructuring challenges



🔍 Trade Ideas

1️⃣ Short-Term Range Play

🔹 Entry: $0.70–$0.75 support zone

🎯 Target: $0.80–$0.85 resistance

🛑 Stop-Loss: Below $0.68


2️⃣ Breakout Strategy

🔹 Entry: Confirmed close above $0.85

🎯 Target: $1.00–$1.10

🛑 Stop-Loss: Below breakout level


3️⃣ Long-Term Accumulation

🔹 Entry: Accumulate between $0.70–$0.80

🎯 Target: $2.00–$5.00 (on recovery)

🛑 Stop-Loss: $0.60

⚠️ High risk due to ongoing legal issues. Use proper risk management!


#FTT #FTXToken $FTT