FTX's legal team has filed a motion to dismiss the $1.53 billion claim by Three Arrows Capital (3AC), arguing that the claim is "illogical." The lawyers contend that 3AC's losses stem from its own trading activities and fund withdrawals on the FTX platform, for which FTX should not be held liable. 3AC is required to submit a response by July 11, with a hearing scheduled for August 12.