According to Techub News and reported by The Block, FTX bankruptcy lawyers have formally requested the court to dismiss the $1.53 billion claim made by Three Arrows Capital, arguing that the request "lacks a logical basis." The lawyers stated that the losses claimed by Three Arrows Capital mainly stem from its own Spot and Margin Trading operations on the FTX platform and fund withdrawal activities, for which FTX should not be held responsible. According to the arrangement, Three Arrows Capital must submit its response document by July 11, and the related hearing will take place on August 12.
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According to Techub News and reported by The Block, FTX bankruptcy lawyers have formally requested the court to dismiss the $1.53 billion claim made by Three Arrows Capital, arguing that the request "lacks a logical basis." The lawyers stated that the losses claimed by Three Arrows Capital mainly stem from its own Spot and Margin Trading operations on the FTX platform and fund withdrawal activities, for which FTX should not be held responsible. According to the arrangement, Three Arrows Capital must submit its response document by July 11, and the related hearing will take place on August 12.