🔥 Urgent: FTX Rejects 3AC's $1.5 Billion Bankruptcy Claim!
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📅 Details:
FTX's lawyers are requesting the rejection of Three Arrows Capital (3AC)'s $1.53 billion claim in the FTX bankruptcy case, arguing that 3AC's losses resulted from its trading decisions and withdrawals.
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📌 Key Points:
– 3AC requested to increase the claim from $120 million to $1.53 billion based on the liquidation of its assets in 2022.
– FTX: The liquidation was $82 million and consistent with the contracts.
– A hearing is scheduled for August 12, 2025.
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📈 What Does This Mean?
– FTX is defending its creditors against 3AC's claims, which it considers "unreasonable."
– The case may impact the distribution of FTX's remaining assets.
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❓ Do you think 3AC will win the claim or will FTX succeed in rejecting it?
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