A court of losses in the United States has allowed the liquidators of the defunct crypto hedge fund three arrows capital (3AC) to increase their claim against the collapsed Crypto exchange FTX from $ 120 million to $ 1.53 billion.
Chief Judge John Dorsey denied the argument of FTX debtors that the amended proof of claim (POC) from the 3ac liquidator was invalid and an unfair attempt to slow down the losses of losses.
At a decision on March 13 in the US losses court for the Delaware District, Dorsey chose that the 3AC liquidator provided a sufficient notice of their claim and the possibility of changing it once they reviewed all the available information. Any delay, he said, is due to the FTX’s failure to share the associated records immediately.
Chief Judge John Dorsey has given the movement of fluids for the defunct hedge fund three arrows capital to increase their claim against the FTX to $ 1.53 billion. Source:
“The evidence suggests that the delay in filing the amended proof of the claim is, in large part, caused by the debtors themselves,” Dorsey said.
“The evidence also suggests that liquidators are keen on attempting to obtain the information and that despite the complete information on their ownership, the debtors have repeatedly delayed to give it to them.”
First filed a 3ac liquidator of a $ 120 million claim in case of FTX losses in June 2023. They later Expanded this in November 2024.
Liquidators have accused the FTX of being held by $ 1.53 billion in liquid fence assets to improve $ 1.33 billion in liabilities in 2022.
They argued that the transactions were avoided, causing damage to 3ac creditors and that FTX debts delayed providing information without discovering the destruction.
FTX debts objected to amended claims, saying that the original POC was not enough to let them know about nature and the amount of 3ac fluids would claim and it would be too late and should not allow.
Related: FTX filed for losses 2 years ago – what’s going on now?
Before Its fall in June 2022Three Capital arrows are once the largest crypto hedge fund of the industry, with over $ 3 billion in property.
Also chased by liquidators pursuit The crypto firm Terraform Labs through a $ 1.3 billion claim in the case of Terra’s losses.
At the same time, the FTX, which filed for losses in November 2022, conducted its own recovery efforts to recover funds.
In November last year, it filed a trio of suits, one Against the Skybridge Capital and its founder, Anthony Scaramucci, to recover funds spent by former FTX CEO Sam “SBF” bankman-fried in sponsorship and investment.
Another suit was filed against the crypto exchange Binance and its former CEO, Changpeng ZhaoTo recover the $ 1.76 billion worth of cryptocurrency sent to the exchange as part of a deal with the re -purchase of July 2021.
The Founder of the wave Aleksandr Ivanov are also in crosshairs For $ 80 million worth of crypto sent to waves based on decentralized liquidity protocol by Alameda Research in 2022.
Magazine: Crypto fans are obsessed with longevity and biohacking: Here’s why
