{"id":22070,"date":"2025-03-14T13:09:56","date_gmt":"2025-03-14T11:09:56","guid":{"rendered":"https:\/\/forklog.com\/en\/3ac-liquidators-raise-claims-against-ftx-to-1-53-billion\/"},"modified":"2025-03-14T13:09:56","modified_gmt":"2025-03-14T11:09:56","slug":"3ac-liquidators-raise-claims-against-ftx-to-1-53-billion","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/3ac-liquidators-raise-claims-against-ftx-to-1-53-billion\/","title":{"rendered":"3AC Liquidators Raise Claims Against FTX to $1.53 Billion"},"content":{"rendered":"

The liquidators of the bankrupt cryptocurrency hedge fund Three Arrows Capital (3AC) have been permitted to increase their claim against the bankrupt<\/a> crypto exchange FTX from $120 million to $1.53 billion, according to court documents<\/a>.<\/p>\n

Chief Judge John Dorsey dismissed objections from the trading platform’s debtors, who argued that the amendment to 3AC’s Proof of Claim (POC) was filed late and hindered the bankruptcy proceedings.<\/p>\n

He emphasized that the delay was caused by the actions of the FTX team, which failed to provide the hedge fund’s liquidators with the necessary information in a timely manner. Dorsey noted that 3AC’s bankruptcy managers made good faith efforts to obtain the data.<\/p>\n

Initially, 3AC filed a claim for $120 million in the FTX bankruptcy case in June 2023. In November 2024, the amount was increased to $1.53 billion. Representatives justified this by stating that 3AC’s assets, held in exchange accounts, were liquidated<\/a> in 2022 to cover debts amounting to $1.33 billion.<\/p>\n

3AC claims that the liquidation transactions were questionable, harmed the fund’s creditors, and would have been contested if FTX had provided the requested documents earlier.<\/p>\n

For its part, the exchange argued that the initial claim did not disclose the true extent of 3AC’s demands.<\/p>\n

Earlier in August 2024, the hedge fund’s bankruptcy managers also demanded<\/a> at least $1.3 billion from Terraform Labs, the entity behind the Terra ecosystem.<\/p>\n","protected":false},"excerpt":{"rendered":"

The liquidators of the bankrupt cryptocurrency hedge fund Three Arrows Capital (3AC) have been permitted to increase their claim against the bankrupt crypto exchange FTX from $120 million to $1.53 billion, according to court documents. Chief Judge John Dorsey dismissed objections from the trading platform’s debtors, who argued that the amendment to 3AC’s Proof of […]<\/p>\n","protected":false},"author":1,"featured_media":22069,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1300,1162,1236,1352],"class_list":["post-22070","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bankruptcy","tag-court-cases","tag-ftx","tag-three-arrows-capital"],"aioseo_notices":[],"amp_enabled":true,"views":"26","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/22070","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=22070"}],"version-history":[{"count":0,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/22070\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/22069"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=22070"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=22070"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=22070"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}