FTX rejects 3AC’s $1.5B claim, citing ‘failed trading strategy’ ⚖️
FTX has rejected a substantial $1.5 billion claim from Three Arrows Capital (3AC), attributing their failure to a 'failed trading strategy.' According to FTX lawyers, creditors should not be used as a safety net for 3AC's risky leveraged trading behaviors.
This decision underscores FTX's stance on not covering for what they see as speculative and high-risk investment practices carried out by Three Arrows Capital, which they believe contributed to significant financial missteps.
Similar articles (14)
Bankrupt Crypto Exchange FTX Slams Three Arrows Capital’s $1.53B Claim: “3AC Is Owed Nothing”
FTX lawyers say 3AC’s $1.5 billion claim ‘defies logic’ and should be tossed
FTX Disputes 3AC’s $1.53B Claim, Blames Collapse on Risky Strategy
FTX seeks to block 3AC’s $1.5bn claim, says fund ‘fumbled’ trades and piled on debt
FTX seeks to block 3AC’s $1.5B claim, alleges self-inflicted losses
FTX disputes the $1.53 billion claim from 3AC
FTX Says No To 3AC’s $1.53B Claim
FTX Claims 3AC’s $1.53 Billion Bid Is a ‘Baseless’ Attempt to Dump Risk
FTX Refuses to Cover 3AC’s Massive Losses – Here’s Why
FTX lawyers reject 3AC’s $1.53B claim
FTX Challenges Three Arrows Capital’s $1.53 Billion Claim Amid 2022 Crypto Collapse Dispute
FTX Bankruptcy Estate Challenges Three Arrows Capital’s $1.5 Billion Crypto Claim
FTX Trustee Challenges 3AC’s $15.3 Billion ETH Claim, Citing Market Losses and Withdrawals
FTX Lawyers Challenge Three Arrows Capital’s $1.53 Billion Claim Over Risky Crypto Strategy
FTX lawyers say 3AC’s $1.5 billion claim ‘defies logic’ and should be tossed
FTX Disputes 3AC’s $1.53B Claim, Blames Collapse on Risky Strategy
FTX seeks to block 3AC’s $1.5bn claim, says fund ‘fumbled’ trades and piled on debt
FTX seeks to block 3AC’s $1.5B claim, alleges self-inflicted losses
FTX disputes the $1.53 billion claim from 3AC
FTX Says No To 3AC’s $1.53B Claim
FTX Claims 3AC’s $1.53 Billion Bid Is a ‘Baseless’ Attempt to Dump Risk
FTX Refuses to Cover 3AC’s Massive Losses – Here’s Why
FTX lawyers reject 3AC’s $1.53B claim
FTX Challenges Three Arrows Capital’s $1.53 Billion Claim Amid 2022 Crypto Collapse Dispute
FTX Bankruptcy Estate Challenges Three Arrows Capital’s $1.5 Billion Crypto Claim
FTX Trustee Challenges 3AC’s $15.3 Billion ETH Claim, Citing Market Losses and Withdrawals
FTX Lawyers Challenge Three Arrows Capital’s $1.53 Billion Claim Over Risky Crypto Strategy
