US Court Approves Expansion of 3AC's FTX Claim to $1.53 Billion

Source
Suehyeon Lee

Summary

  • The US bankruptcy court has approved the expansion of 3AC liquidators' claim against FTX to $1.53 billion.
  • FTX creditors objected to the decision, calling it unfair, but the court dismissed their objections.
  • 3AC had previously claimed that two weeks before its bankruptcy, FTX intentionally liquidated their positions, causing a loss of $1.33 billion.

A US bankruptcy court has approved the expansion of claims against the bankrupt cryptocurrency exchange FTX by Three Arrows Capital (3AC) liquidators.

According to Decrypt on the 14th (local time), the Delaware bankruptcy court in the US approved 3AC's request to increase its claim against FTX from $120 million to $1.53 billion.

FTX creditors objected to this decision, calling it unfair, but the court dismissed their objections. Previously, 3AC had claimed that two weeks before its bankruptcy, FTX intentionally liquidated 3AC's positions, causing a loss of $1.33 billion.

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Suehyeon Lee

shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.
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