US court approves Three Arrows Capital's $1.53 billion claim against FTX

BlockBeats news, on March 14th, according to Decrypt, the US bankruptcy court has approved the liquidator of hedge fund Three Arrows Capital (3AC) to expand the claim amount against FTX to $1.53 billion, rejecting objections from FTX debtors who believe this move is inappropriate and unfair. BlockBeats previously reported that in November 2024, the liquidator of Three Arrows Capital sought to modify its claim against FTX, increasing its claim amount from $120 million to $1.53 billion. The liquidator claimed that two weeks before the hedge fund went bankrupt, FTX liquidated and seized their assets on the platform to settle $1.33 billion in debt. The hedge fund claims that these transactions are "avoidable and unfair" and have caused damage to the creditors of Three Arrows Capital. Three Arrows Capital believes that liquidation should be ineffective and accuses FTX of underestimating transactions and violating trust and contracts.