FTX lawyers are challenging Three Arrows Capital’s 1.53 billion USD claim, arguing that the losses were due to 3AC’s own risky strategies. The upcoming August hearing will address these claims within the complex landscape of crypto bankruptcies.
The case is seen as pivotal for future crypto insolvency litigation, with reactions indicating it could set important precedents for creditor recovery and market trust. Insights from analysts suggest it may affect how such disputes are handled moving forward.
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