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.
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 "avoidable and unfair" and caused damage to Three Arrows Capital's creditors. Three Arrows Capital believes that the liquidation should be invalid, accusing FTX of underestimating transactions and violating trust and contracts.