FTX Rejects 3AC’s $1.5B Claim

FTX has rejected a massive $1.53 billion claim from Three Arrows Capital (3AC) liquidators in bankruptcy court. FTX lawyers argue 3AC’s losses stemmed from its own risky trading strategy, not FTX’s actions, and that other creditors shouldn’t “foot the bill.” They contend 3AC’s claim is “baseless” and based on inaccurate account balances, with a hearing set for August 12.