The U.S. Court Approves Three Arrows Capital's $1.53 Billion Claim Against FTX

BlockBeats News, March 14th. According to Decrypt, the U.S. bankruptcy court has approved Three Arrows Capital's (3AC) hedge fund liquidators to expand their claim amount against FTX to $15.3 billion, rejecting FTX debtor's objections, who consider this action untimely and unfair.

BlockBeats previously reported that in November 2024, Three Arrows Capital's liquidators sought to amend their claim against FTX, increasing it from $120 million to $15.3 billion. The liquidators claimed that FTX liquidated and seized their assets on the platform two weeks before the hedge fund collapsed to settle a $13.3 billion debt. The hedge fund claims these transactions were "avoidable and unfair" and harmed Three Arrows Capital creditors. Three Arrows Capital believes the liquidation should be invalidated, accusing FTX of misrepresenting the transactions and breaching trust and contracts.