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PANews June 23 news, according to The Block report, the bankruptcy management lawyer of FTX recently opposed the $1.53 billion claim made by Three Arrows Capital (3AC) and requested the court to dismiss it in full. The lawyer stated that 3AC's losses were due to market volatility and its own withdrawal, and were unrelated to FTX. In March this year, the bankruptcy court had approved 3AC's request to increase the claim amount from $120 million to $1.53 billion. In November 2024, 3AC claimed new evidence, asserting that FTX sold $1.5 billion worth of assets two weeks before initiating liquidation. However, FTX's lawyer countered that the claim was based on unreasonable premises, inaccurate data, and neglect of facts. FTX pointed out that after the collapse of Terra in June 2022, 3AC's account balance fell below $240 million, yet it did not make up the margin, instead withdrawing $18 million in ETH. FTX subsequently liquidated $820 million in assets to avoid a loss of $18 million at the time of account bankruptcy. 3AC must submit a response by July 11, with a hearing scheduled for August 12.
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IAmYourUncle.vip
· 06-22 23:34
What are the keywords of the video?
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