FTX

FTX Pushes Back on Three Arrows Capital’s $1.53 Billion Claim

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The team winding down FTX’s bankruptcy is firing back at a massive claim filed by collapsed hedge fund Three Arrows Capital, better known as 3AC. The $1.53 billion claim, according to FTX’s legal filing, is not only exaggerated but also based on flawed assumptions and poor risk management by 3AC itself. In court documents, FTX … Read more

$5Bn FTX Stimulus Drop Is About To Fuel New Bitcoin ATH: Here’s Why

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$5 billion of fresh capital being injected into the crypto markets via the FTX repayments could lead Bitcoin to a new all-time high

Over $5 billion will be distributed to FTX creditors from the bankrupt crypto exchange’s estate in the coming weeks, as the next wave of reimbursements is set to take place on May 30, according to the FTX Recovery Trust’s statement released yesterday (May 15). The upcoming May 30 distributions are the second phase of the … Read more