Wednesday, July 30, 2025
No Result
View All Result
Coin Digest Daily
  • Home
  • Bitcoin
  • Crypto Updates
    • General
    • Altcoin
    • Ethereum
    • Crypto Exchanges
  • Blockchain
  • NFT
  • Metaverse
  • Web3
  • DeFi
  • Analysis
  • Scam Alert
  • Regulations
Marketcap
  • Home
  • Bitcoin
  • Crypto Updates
    • General
    • Altcoin
    • Ethereum
    • Crypto Exchanges
  • Blockchain
  • NFT
  • Metaverse
  • Web3
  • DeFi
  • Analysis
  • Scam Alert
  • Regulations
No Result
View All Result
Coin Digest Daily
No Result
View All Result

FTX Pushes Back on Three Arrows Capital’s $1.53 Billion Claim

24 June 2025
in Bitcoin
Reading Time: 5 mins read
0 0
A A
0
Home Bitcoin
Share on FacebookShare on Twitter


The staff winding down FTX’s chapter is firing again at an enormous declare filed by collapsed hedge fund Three Arrows Capital, higher referred to as 3AC. The $1.53 billion declare, in accordance with FTX’s authorized submitting, is just not solely exaggerated but in addition primarily based on flawed assumptions and poor threat administration by 3AC itself. In court docket paperwork, FTX argues that 3AC’s $1.5B declare ignores key info about margin breaches and fund withdrawals.

On the coronary heart of the dispute is a collection of leveraged trades positioned by 3AC on the FTX platform earlier than each firms went below. FTX says 3AC ignored margin calls, withdrew funds as an alternative of posting collateral, and in the end pressured FTX to liquidate their positions. Now, 3AC’s liquidators need the court docket to imagine that FTX owes them greater than a billion {dollars}.

What Actually Occurred With the 3AC Account

Again in 2022, 3AC held a sizeable margin buying and selling account on FTX. This was across the time the broader crypto market was reeling from the collapse of Terra and a normal lack of confidence. 3AC had borrowed funds and positioned giant bets on the platform. When the market turned and the worth of these positions dropped, FTX says it despatched out alerts warning that the account had fallen under margin necessities.

Legal professionals for the #FTX chapter property have objected to a $1.53B declare from collapsed buying and selling agency Three Arrows Capital, arguing that #3AC’s personal actions led to its losses.

FTX claims that 3AC’s in depth spot and margin buying and selling—partially funded by a $120M credit score line from… pic.twitter.com/DjDZy82stw

— Mpost Media Group (@mpost_io) June 23, 2025

Based on court docket filings, 3AC went silent for over six hours and as an alternative pulled $18 million in Ethereum from the account. FTX then liquidated the positions, claiming the transfer was not solely allowed below the phrases of the settlement however essential to keep away from deeper losses. After the liquidation, the account nonetheless held $82 million, and FTX argues that letting the place journey longer would have led to a destructive steadiness.

DISCOVER: Subsequent 1000X Crypto: 10+ Crypto Tokens That Can Hit 1000x in 2025

Why FTX Believes the Declare Is Inflated

FTX’s authorized staff is asking the Delaware chapter court docket to reject the total declare. They argue that 3AC is attempting to rewrite historical past by blaming FTX for its personal poor selections. Of their view, the hedge fund’s huge publicity, late response, and premature withdrawal of funds created a gap within the account. FTX had no alternative however to shut it.

To strengthen its case, FTX introduced in a advisor from Alvarez & Marsal, who reconstructed the buying and selling knowledge and discovered that the liquidation was justified. A authorized knowledgeable in British Virgin Islands regulation, the place 3AC was included, additionally weighed in. They mentioned the authorized concept behind 3AC’s declare didn’t maintain up.

btc logo
Bitcoin
Value
Market Cap
BTC
$2.09T
24h7d30d1yAll time

The numbers additionally don’t fairly add up. FTX says the crypto steadiness in 3AC’s account was round $1.02 billion, however after subtracting liabilities, withdrawals, and the worth misplaced through the market crash, the ultimate steadiness was a lot smaller. FTX argues that 3AC’s declare of being owed $1.53 billion merely doesn’t mirror what occurred.

DISCOVER: 20+ Subsequent Crypto to Explode in 2025

What Comes Subsequent within the Case

3AC’s staff has till July 11 to formally reply to the objection. =””>reserver-spaces=”true”>>A court docket listening to has been scheduled for August 12 in Delaware, the place a choose will resolve how a lot, if any, of 3AC’s $1.5B declare can transfer aheada-preserver-spaces=”true”>.

FTX Pushes Back on Three Arrows Capital’s $1.53 Billion Claim
Supply: Shutterstock

FTX’s chapter course of nonetheless ties up billions, and plenty of collectors await readability. This case might affect how rapidly and pretty remaining funds are distributed. It additionally raises questions on how claims between failed crypto corporations ought to be dealt with when either side made critical errors. 3AC’s $1.5B declare may reshape how collapsed crypto corporations deal with creditor disputes.

DISCOVER: 20+ Subsequent Crypto to Explode in 2025 

Be part of The 99Bitcoins Information Discord Right here For The Newest Market Updates

Key Takeaways



FTX is difficult a $1.53 billion declare from Three Arrows Capital, calling it inflated and primarily based on flawed assumptions.

paces=”true”>
FTX says 3AC failed to fulfill margin calls, withdrew $18 million in ETH, and compelled FTX to liquidate its account to stop deeper losses.

paces=”true”>
A advisor reconstructed buying and selling knowledge exhibiting the l

iquidation was justified, and a BVI authorized knowledgeable disputed the idea of 3AC’s declare.

paces=”true”>
FTX argues the remaini

ng account worth didn’t help a declare of over $1 billion after accounting for liabilities and withdrawn belongings.


The court docket will hear the dispute on August 12, and 3AC should reply to FTX’s objection by July 11.


The publish FTX Pushes Again on Three Arrows Capital’s $1.53 Billion Declare appeared first on 99Bitcoins.





Source link

Tags: ArrowsBillionCapitalsClaimFTXPushes
Previous Post

Ethereum Eyes Breakout Toward $4,204 With Key Technical Formation In Play | Bitcoinist.com

Next Post

Sui’s DeFi Ecosystem: Rapid Growth and Strategic Positioning

Related Posts

Shiba Inu Bearish Reversal Setup Says Dump Below $0.000013 Is Coming | Bitcoinist.com
Bitcoin

Shiba Inu Bearish Reversal Setup Says Dump Below $0.000013 Is Coming | Bitcoinist.com

30 July 2025
$17M XRP/USD Heist: Widow of Country Legend George Jones Victimized in Crypto Theft
Bitcoin

$17M XRP/USD Heist: Widow of Country Legend George Jones Victimized in Crypto Theft

30 July 2025
XRP Holds The Line At $3—Wave 5 Could Unleash Run To $6+
Bitcoin

XRP Holds The Line At $3—Wave 5 Could Unleash Run To $6+

30 July 2025
Strategy Buys $2.46B Bitcoin As ETH Firm BTCS Plans $2B Raise
Bitcoin

Strategy Buys $2.46B Bitcoin As ETH Firm BTCS Plans $2B Raise

30 July 2025
Etoro Unveils 24/5 Trading and Launches US-Listed Equities as ERC20 Tokens – News Bytes Bitcoin News
Bitcoin

Etoro Unveils 24/5 Trading and Launches US-Listed Equities as ERC20 Tokens – News Bytes Bitcoin News

30 July 2025
Ethereum Leads Futures Rebound As Top Altcoin OI Nears $45B
Bitcoin

Ethereum Leads Futures Rebound As Top Altcoin OI Nears $45B

30 July 2025
Next Post
Sui’s DeFi Ecosystem: Rapid Growth and Strategic Positioning

Sui's DeFi Ecosystem: Rapid Growth and Strategic Positioning

Bitcoin Paces $15 Billion YTD Influx Amid 10-Week Fund Flow Streak

Bitcoin Paces $15 Billion YTD Influx Amid 10-Week Fund Flow Streak

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

  • Trending
  • Comments
  • Latest
BNB Price Gears Up for Upside Break — Will Bulls Deliver?

BNB Price Gears Up for Upside Break — Will Bulls Deliver?

8 July 2025
Something Big Is Coming For XRP On July 9—Why It Matters

Something Big Is Coming For XRP On July 9—Why It Matters

8 July 2025
XRP could rally higher on steady capital inflow; check forecast

XRP could rally higher on steady capital inflow; check forecast

8 July 2025
10 Most Popular Bitcoin Mining Apps for Android & iOS in 2025 | Earn Crypto Fast

10 Most Popular Bitcoin Mining Apps for Android & iOS in 2025 | Earn Crypto Fast

24 May 2025
Ethereum Price Drops After Bullish Attempt — Support Area Under Pressure

Ethereum Price Drops After Bullish Attempt — Support Area Under Pressure

2 July 2025
Live Best Meme Coins Updates Today: TOKEN6900 Presale Begins with Promises of 1000x, SEC Approves First-Ever ETF with Bitcoin, Ethereum, XRP, and More…

Live Best Meme Coins Updates Today: TOKEN6900 Presale Begins with Promises of 1000x, SEC Approves First-Ever ETF with Bitcoin, Ethereum, XRP, and More…

2 July 2025
7 Trusted Free Crypto Cloud Mining Platforms to Earn Bitcoin & Dogecoin in 2025

7 Trusted Free Crypto Cloud Mining Platforms to Earn Bitcoin & Dogecoin in 2025

30 July 2025
Bitcoin Net Realized Profit Drops To $1.4B As Market Absorbs Galaxy’s 80K BTC Distribution | Bitcoinist.com

Bitcoin Net Realized Profit Drops To $1.4B As Market Absorbs Galaxy’s 80K BTC Distribution | Bitcoinist.com

30 July 2025
JPMorgan and Coinbase Bring Crypto to Cards and Rewards

JPMorgan and Coinbase Bring Crypto to Cards and Rewards

30 July 2025
Shiba Inu Bearish Reversal Setup Says Dump Below $0.000013 Is Coming | Bitcoinist.com

Shiba Inu Bearish Reversal Setup Says Dump Below $0.000013 Is Coming | Bitcoinist.com

30 July 2025
Ethereum sets sight on becoming the ‘global computer’ in the next 10 years

Ethereum sets sight on becoming the ‘global computer’ in the next 10 years

30 July 2025
Dragonfly Capital No Longer Under DOJ Scrutiny In Tornado Cash Trial: Co-Founder – Decrypt

Dragonfly Capital No Longer Under DOJ Scrutiny In Tornado Cash Trial: Co-Founder – Decrypt

30 July 2025
Facebook Twitter Instagram Youtube RSS
Coin Digest Daily

Stay ahead in the world of cryptocurrencies with Coin Digest Daily. Your daily dose of insightful news, market trends, and expert analyses. Empowering you to make informed decisions in the ever-evolving blockchain space.

CATEGORIES

  • Altcoin
  • Analysis
  • Bitcoin
  • Blockchain
  • Crypto Exchanges
  • Crypto Updates
  • DeFi
  • Ethereum
  • Metaverse
  • NFT
  • Regulations
  • Scam Alert
  • Web3

SITEMAP

  • About us
  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2024 Coin Digest Daily.
Coin Digest Daily is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • Bitcoin
  • Crypto Updates
    • General
    • Altcoin
    • Ethereum
    • Crypto Exchanges
  • Blockchain
  • NFT
  • Metaverse
  • Web3
  • DeFi
  • Analysis
  • Scam Alert
  • Regulations

Copyright © 2024 Coin Digest Daily.
Coin Digest Daily is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
  • bitcoinBitcoin(BTC)$116,252.00-1.34%
  • ethereumEthereum(ETH)$3,716.23-1.82%
  • rippleXRP(XRP)$3.04-3.07%
  • tetherTether(USDT)$1.000.01%
  • binancecoinBNB(BNB)$773.35-4.19%
  • solanaSolana(SOL)$173.38-4.80%
  • usd-coinUSDC(USDC)$1.000.01%
  • staked-etherLido Staked Ether(STETH)$3,713.18-1.70%
  • dogecoinDogecoin(DOGE)$0.213425-3.76%
  • tronTRON(TRX)$0.324134-3.65%