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FTX 1.5 billion dollars was ranked in 3AC Assets two weeks before the hedge truck collapsed

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The newly unveiled court documents show that FTX secretly liquidated $ 1.53 billion in three Capital (3AC) assets just two weeks before the hedge fund collapsed in 2022. The disclosure of previous accounts challenged that the fall of 3ac was only driven by the market.

Once it is estimated at more than $ 10 billion, 3ac It collapsed in mid -2012 After a series of supported directional trades, the sour. The hedge fund borrowed from more than 20 large institutions before the May 2022 encryption crashes, which witnessed Bitcoin (BTCDecrease to $ 16,000.

However, the recently discovered evidence indicates that the FTX exchange has fell worth $ 1.53 billion from 3ac just two weeks before the hedge trunk collapsed.

3AC “I asked the bankruptcy court to allow her to increase her demand against FTX from $ 120 million to $ 1.53 billion,” According to To “mbottjer”, co -founder of stable consulting for FTX Creditor, a group of FTX and bankruptcy purchases.

“3AC says he only recently discovered evidence that FTX has liquidated $ 1.53 billion of 3AC assets just two weeks before 3AC himself reached the liquidation, more than $ 120 million was originally claimed.”

The encryption hedge box claims that it has never been notified of this liquidation due to the bankruptcy procedures for FTX. A court ruled that 3AC acted in good faith, which allowed her to follow up on her full demand amounting to $ 1.53 billion in the bankruptcy case in FTX.

On December 21, 2023, the British Virgin Islands Court Just of $ 1.14 billion From 3ac co -founder Kyle Davies and Su Zhu Assets. TENEO has been estimated since then that 3AC creditors are still in debtors of about $ 3.3 billion yet The collapse of the hedge fund in 2022.

Davis claimed that allegations from TENEO- The company responsible for liquidating 3AC-and co-founder Soo Chu It was “not collaborating” exaggerated.

Dependingly $ 1.5 billion is not enough to avoid 3AC collapse

Although the amount of $ 1.53 billion is much larger than the previously unveiled references from FTX, it may not be sufficient to save 3Ac of bankruptcy, according to Nikolai Sondargard, Nansen’s research analyst:

“From what I can see, even if they had an additional $ 1.5 billion in 2022, they could not meet creditors/debt payment.”

“Without being a legal expert, it seems to me that 3AC, while he is allowed to follow a much larger amount, is likely not to obtain a full claim of $ 1.53 billion. The analyst added: “It seems realistic that they will get more, but how much is not certain,” the analyst added.

Binance described the founder and former CEO ChangPeng Zhao “revelation” as a “events”.