FTX’s bankruptcy lawyers have pushed back forcefully against a $1.53 billion claim filed by failed crypto hedge fund Three Arrows Capital (3AC), calling the demand “illogical” and warning that it would unfairly drain funds from FTX’s legitimate creditors.
In new court documents submitted on June 20, FTX’s legal team asked a Delaware bankruptcy judge to reject 3AC’s entire claim, arguing the trading firm’s alleged losses were self-inflicted through excessive risk-taking and ignored margin calls, not due to any misconduct by FTX.
Breaching margin requirements
The dispute centers on margin trades that 3AC...
FTX’s bankruptcy lawyers have pushed back forcefully against a $1.53 billion claim filed by failed crypto hedge fund Three Arrows Capital (3AC), calling the...
The crypto exchange OKX is reportedly considering an initial US public offering (IPO) as the wave of crypto firms entering public markets gains momentum.
Although...
Coinbase, the largest US-based exchange, has taken a major step in its global expansion by securing approval under the European Union’s Markets in Crypto-Assets...
South Korea’s top financial regulator is working on a detailed roadmap to support the launch of digital asset spot exchange-traded funds.
According to a June...
Coinbase officially launched Coinbase Payments on June 18, a three-layer platform that enables commerce providers to add USDC checkout without running their blockchain infrastructure.
The...
Crypto trading platforms increasingly adopt blockchain-native assets like the USDC stablecoin and tokenized treasuries such as BlackRock’s BUIDL to enhance collateral efficiency in derivatives...
Crypto exchange Gemini has filed a formal complaint against the Commodity Futures Trading Commission’s (CFTC) Division of Enforcement (DOE), accusing it of pursuing a...
Iranian crypto exchange Nobitex has suffered a major security breach, resulting in the loss of over $48 million.
The company confirmed the attack via an...
Coinbase is seeking permission from the U.S. Securities and Exchange Commission (SEC) to launch blockchain-based equities, Reuters reported on June 17, citing the exchange’s...
