FTX counters Three Arrows Capital's "$1.5 billion claim doesn't count": You opened high leverage yourself and got your position closed.

FTX asked for the dismissal of 3AC's $1.53 billion claim in Delaware bankruptcy court, and the two sides disputed account balances and attribution of responsibility, and the outcome of the August hearing may affect the distribution of bankruptcy funds and confidence in the crypto market. (Synopsis: Three Arrows Capital's claim to FTX increased to $1.53 billion, can the former crypto fund king 3AC come back to life?)　(Background addition: The court ruled that FTX expanded compensation to Three Arrows Capital by more than 1.5 billion US dollars, and Zu Shu will take a huge amount of equity in SOL and AI companies to become a big winner?) FTX recently filed a 70-page document with the Delaware bankruptcy court in the United States, asking for the dismissal of Three Arrows Capital (3AC)'s huge claims, pointing out that the other party tried to "pass on the bet of defeat to other creditors." Kroll Restructuring Administration's Surge in Claims Raises Concerns 3AC's claim for $120 million in losses in June 2023 pulled up the amount to $1.53 billion in November 2024. FTX formally objected on June 11 this year, arguing that it lacked a factual and legal basis. The 3AC reported a net account value of $1.59 billion as of June 12, 2022, but only $284 million in FTX calculations. 3AC alleges that FTX delayed providing account information and making "avoidable transactions", which FTX countered that up to $733 million in debt and $60 million in liquidation were not accounted for, and that the real loss was caused by 3AC's highly leveraged strategy. Whether the forced liquidation is legal The FTX document states that under the credit and margin agreement, the platform has the right to liquidate $82 million of assets and convert them to stablecoins or fiat currencies in times of high market volatility to reduce collateral risk. FTX emphasizes that the operational objective is to protect other customers, not to destroy the value of 3AC assets. The court required the 3AC to respond by July 11, with a non-substantive evidence hearing by Chief Justice Karen Owens on August 12. The lawsuit not only determines the funding gap between the two bankruptcies, but is also seen as a microcosm of leverage and risk management in the crypto market, and the verdict may affect the future direction of regulation and investor confidence. How it will end, the market will see in August. Related Reports Exclusive Interview" Three Arrows Capital's mood after Zhu Su was released from prison: FTX bankruptcy, market analysis after halving, re-pledge, where is the USDe cycle? Three Arrows Capital Zhu Su shares the secret of Ethereum investment: Buy when gas fees are low Sell when high, is the winning rate high? Three Arrows Capital Zhu Su fell in love with Singapore prison: three meals and fruit, the best sleep in this life "FTX Counterattack Three Arrows Capital "$1.5 billion claim does not count": you yourself opened a high leverage and was liquidated" This article was first published in BlockTempo "Dynamic Trend - The Most Influential Blockchain News Media".