FTX Tells Court 3AC Owed “Nothing” Over Alleged $1.53B Loss
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: Jun 23 2025FTX's Legal Objection: FTX has formally objected to a $1.53 billion claim from the liquidators of Three Arrows Capital (3AC), arguing that the hedge fund's losses stemmed from its own reckless trading strategies rather than any wrongdoing by FTX. The dispute centers on the accuracy of 3AC's reported losses and whether FTX should be held liable for them.
Potential Precedent in Crypto Bankruptcy: The outcome of this legal battle could set a significant precedent regarding the accountability of exchanges for the investment decisions made by institutional clients, potentially impacting how future crypto bankruptcy cases are handled and the responsibilities of debtors versus creditors.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
