Court Approves 3AC’s $1.53B Claim Against FTX, Setting Up Major Creditor Battle

Court Approves 3AC’s $1.53B Claim Against FTX, Setting Up Major Creditor Battle

The Delaware bankruptcy court handling the FTX estate approved a petition on Thursday from Three Arrows Capital (3AC) to significantly expand its claim against the estate from $120 million to $1.53 billion, marking a major development in the ongoing fallout from the collapse of Sam Bankman-Fried’s crypto empire.3AC, once a dominant crypto hedge fund with over $3 billion in reported net assets, collapsed in 2022 while it still had deep financial …

Three Arrows Capital Escalates Legal Claims Against FTX to $

Three Arrows Capital raised its legal claims against FTX to $1.53 billion. The liquidation of 3AC's assets occurred shortly before FTX's bankruptcy. Continue Reading:Three Arrows Capital Escalates Legal Claims Against FTX to $1.53 Billion The post Three Arrows Capital Escalates Legal Claims Agai...

FTX Bankruptcy Court Approves 3AC’s $1.53B Claim, Reshaping Creditor Payouts

A Delaware bankruptcy court has approved Three Arrows Capitals (3AC) petition to expand its claim against FTX from $120 million to $1.53 billion. The decision could significantly impact creditor payouts in the ongoing FTX bankruptcy case. 3AC, once a leading crypto hedge fund with over $3 billion in assets, collapsed in 2022 while maintaining deep financial ties to Sam Bankman-Frieds FTX. The hedge fund initially filed a $120 million claim in Ju…

US Judge Grants Motion Expanding Three Arrows Capital’s Claim Against Bankrupt Exchange FTX to $1,530,000,000

A US judge is granting a motion to greatly expand the claim of the failed crypto hedge fund Three Arrows Capital (3AC) against the defunct crypto exchange FTX. According to new court filings, a judge is granting an expansion to 3AC’s claim against FTX, bringing its total up to a staggering $1.53 billion from just... The post US Judge Grants Motion Expanding Three Arrows Capital’s Claim Against Bankrupt Exchange FTX to $1,530,000,000 appeared fir…

Court Grants 3AC Liquidators $1.53 Billion Claim Against FTX Amid Bankruptcy Battle

A court allowed 3AC liquidators to raise their FTX claim from $120 million to $1.53 billion after record delays. FTX creditors objected to the claim but the court ruled they had enough notice that 3AC could seek more funds. 3AC liquidators say FTX unfairly seized $1.33 billion in assets which reduced recovery options for creditors. A U.S. bankruptcy court has allowed the liquidators of Three Arrows Capital (3AC) to expand their claim against FTX…

FTX Bankruptcy Hit by Court Ruling Favoring 3AC’s $1.53 Billion claim

A Delaware bankruptcy court sided with failed hedge fund Three Arrows Capital (3AC), approving a dramatic increase in its claim against FTX from $120 million to $1.53 billion. The ruling, which comes as FTX continues its bankruptcy process, introduces new complexities for creditor payouts and raises questions about FTX’s handling of funds in its final days.Court Approves 3AC’s Expanded ClaimThe legal dispute involves allegations that FTX liquida…