FTX lawyers ask to dismiss 3AC’s claim, calling it “illogical”

Odaily News FTX bankruptcy lawyers have formally requested the court to dismiss the $1.53 billion claim filed by Three Arrows Capital (3AC) on the grounds that the request "lacks logical basis." The lawyers said that the losses claimed by 3AC mainly came from its own spot and leveraged trading operations and fund withdrawals on the FTX platform, and FTX should not be held responsible for this. According to the arrangement, 3AC needs to submit a response document before July 11, and the relevant hearing will be held on August 12. (The Block)