FTX Bankruptcy Estate Challenges Three Arrows Capital’s $1.5 Billion Crypto Claim
The post FTX Bankruptcy Estate Challenges Three Arrows Capital’s $1.5 Billion Crypto Claim appeared on BitcoinEthereumNews.com. FTX’s bankruptcy estate has formally challenged a $1.5 billion claim filed by Three Arrows Capital (3AC), disputing the hedge fund’s attempt to recover losses from its high-risk crypto positions. The legal contention revolves around the actual value of 3AC’s holdings on FTX at the time of both entities’ collapse, with FTX asserting a significantly lower net balance after accounting for margin debts. According to COINOTAG, the FTX Recovery Trust described 3AC’s claim as “illogical and baseless,” emphasizing that FTX creditors should not bear the burden of 3AC’s failed leveraged trades. FTX disputes Three Arrows Capital’s $1.5 billion claim, highlighting margin debts and liquidation details that could limit 3AC’s recovery in the ongoing bankruptcy case. ‘, ‘
The post FTX Bankruptcy Estate Challenges Three Arrows Capital’s $1.5 Billion Crypto Claim appeared on BitcoinEthereumNews.com.
FTX’s bankruptcy estate has formally challenged a $1.5 billion claim filed by Three Arrows Capital (3AC), disputing the hedge fund’s attempt to recover losses from its high-risk crypto positions. The legal contention revolves around the actual value of 3AC’s holdings on FTX at the time of both entities’ collapse, with FTX asserting a significantly lower net balance after accounting for margin debts. According to COINOTAG, the FTX Recovery Trust described 3AC’s claim as “illogical and baseless,” emphasizing that FTX creditors should not bear the burden of 3AC’s failed leveraged trades. FTX disputes Three Arrows Capital’s $1.5 billion claim, highlighting margin debts and liquidation details that could limit 3AC’s recovery in the ongoing bankruptcy case. ‘, ‘
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