According to a legal document filed by FTX on Wednesday, FTX opposed BlockFi’s proposed bankruptcy plan, saying that the plan involved more than $1 billion in disputed transactions and unfairly reduced its huge claims against BlockFi, CoinDesk reported. FTX bailed out the struggling bank last year before filing for bankruptcy in November. BlockFi plans to discuss its bankruptcy plan at a New Jersey court hearing on July 13, but is opposed by liquidated hedge fund Three Arrows Capital (3AC) and federal regulator the Securities and Exchange Commission (SEC). 3AC said it was owed more than $220 million by BlockFi, while the SEC said the terms of the proposed release of BlockFi and its management were too vague and broad.