3AC liquidators increased requirements to FTX to $ 1.53 billion

The Bankruptcy of the Cryptocurrency Hedge Fund Three Arrows Capital (3AC) has allowed to increase the claim against the FTX bankrupt cryptocurrency from $ 120 million to $ 1.53 billion. This is said in court documents.

Supreme Judge John Dorsi rejected the denial of the debtors of the trading platform, which insisted on the fact that changing the application for requirements (Proof of Claim, POC) 3AC was delayed and created obstacles to bankruptcy proceedings.

He stressed that the delay was caused by the actions of the FTX team, which did not transfer the necessary information to the Head Fund’s liquidators on time. Dorsi noted that bankruptcy 3AC managing favorably attempted to receive data.

Initially, 3ACs were applied for $ 120 million in FTX bankruptcy in June 2023. In November 2024, the amount increased to $ 1.53 billion.

3AC claims that the liquidation transactions were doubtful, they were detrimental to the fund’s creditors and were subject to appeal if FTX had previously provided the requested documents.

For its part, the Exchange denied that the primary application did not reveal the true volume of claims 3AC.

Recall that in August 2024, the Hedge Fund’s bankruptcy management also demanded at least $ 1.3 billion from Terraform Labs, which stood on Terra ecosystem.

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