FTX Fights Back Against 3AC’s $1.53B Claim in Bankruptcy Court

FTX's legal team is challenging a $1.53 billion claim from the collapsed crypto hedge fund Three Arrows Capital (3AC), calling it 'unreasonable' and baseless. The dispute, currently in bankruptcy court, centers on margin trades that went awry during the 2022 market crash. FTX argues that 3AC's losses were due to reckless trading rather than any misconduct by the exchange. Court filings reveal that 3AC allegedly breached collateral requirements, leading to the massive losses. FTX contends that honoring such a claim would harm legitimate creditors and set a dangerous precedent. This legal battle highlights the ongoing fallout from the 2022 crypto market collapse and the complex web of claims and counterclaims among bankrupt entities. The outcome could have significant implications for how similar cases are handled in the future, particularly in the crypto space where margin trading and leverage are common. As of June 2025, the case remains unresolved, with both sides preparing for a protracted legal fight.

FTX Challenges 3AC's $1.53B Claim as 'Unreasonable' in Bankruptcy Court

FTX's legal team has aggressively disputed a $1.53 billion claim from collapsed crypto hedge fund Three Arrows Capital, labeling the demand as baseless and detrimental to legitimate creditors. Court filings reveal FTX's argument that 3AC's losses stemmed from reckless trading—not exchange misconduct—during the 2022 market crash.

The dispute hinges on margin trades gone awry. 3AC allegedly breached collateral requirements after TerraUSD's collapse, then worsened its position by withdrawing $18 million in ETH instead of addressing the shortfall. FTX liquidated the account to recover $82 million, asserting this action was contractually justified.

Solana Trader Predicts Next 100x Crypto After $33M SOL Profit

A crypto trader who bought solana (SOL) at $9 during the 2022 bear market and sold at $295 for a $33 million profit now forecasts even greater gains for the blockchain network. The trader, whose prescient call on SOL defied widespread skepticism during the FTX collapse and developer exodus, believes Solana's scalable architecture and growing DeFi/NFT adoption position it for further upside.

Beyond SOL, the trader identified Little Pepe (LILPEPE) as a potential 100x opportunity among meme coins. The project's ongoing presale has drawn attention for its innovative tokenomics, though meme coins remain highly speculative assets. Solana's resurgence highlights how infrastructure projects with strong fundamentals can rebound from crises—a lesson for investors navigating volatile crypto cycles.