US court approves Three Arrows Capital’s $1.53 billion claim against FTX
03-14 01:55
<p>Odaily News The U.S. Bankruptcy Court has approved liquidators of hedge fund Three Arrows Capital (3AC) to expand their claim against FTX to $1.53 billion, overruling objections from FTX debtors who argued that the move was untimely and unfair.<br/> According to previous news, in November 2024, the liquidator of Three Arrows Capital sought to modify its claim against FTX, increasing its claim from US$120 million to US$1.53 billion. The liquidator claimed that two weeks before the collapse of the hedge fund, FTX liquidated and seized their assets on the platform to settle US$1.33 billion in debt. The hedge fund claimed that these transactions were &quot;avoidable and unfair&quot; and caused damage to Three Arrows Capital&#39;s creditors. Three Arrows Capital believes that the liquidation should be invalid, accusing FTX of underestimating transactions and violating trust and contracts.<br/></p>
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