The US Banking Court of Banking is authorized to the hedge of the encryption box, which does not exceed three shares (3AC) to increase their demand against the incomplete FTX encryption from $ 120 million to $ 1.53 billion.
Senior judge John Dorshi, the ftx debt, refused that the amended guide to demand (POC) of 3AC refineries was in time and an unfair attempt to slow down bankruptcy procedures.
In a ruling on March 13 in the US Banking Court of Dilayer, Dorsi saw that 3AC liquidators had made a sufficient notice of their demand and the possibility of amending it by simply analyzing all available information. He said that any delay caused the FTX failure to share relevant records immediately.
Judge John Dorsi granted the request by the descriptions to the hedge fund, which does not aim to achieve three Capital shares to increase their demand against FTX to $ 1.53 billion. source:
“The evidence indicates that the delay in submitting the modified claim guide was, in a large part of it, because of the debtors themselves,” Dorsi said.
“Evidence also indicates that the mobilizers were diligent in trying to obtain information and that although there was full information in their possession, the debtors were repeatedly late.”
3AC liquidators initially submitted a $ 120 million claim in the bankruptcy case in FTX in June 2023. It expanded in November 2024Claiming the claims, including violating the contract, not fair enrichment, and violating the credit duty.
The candidates claimed that FTX received $ 1.53 billion in the assets of the hedge fund that was filtered to settle $ 1.33 billion in obligations in 2022.
They argued that the transactions were viable, and caused harm to 3AC creditors and that the debtors in FTX had delayed the information that would reveal the liquidation.
FTX debtors objected to the modified claim, saying that the original POC was not sufficient to inform them of the nature and the amount that the 3AC expenses would be demanded and that the time has been late and should not be allowed.
Related to: FTX has submitted bankruptcy two years ago – what is happening now?
before Its collapse in June 2022Three Arrows Capital once was one of the largest coding boxes in the industry, with more than $ 3 billion of assets.
As the liquidat continued Claims against rivers Crypto Terraform Labs through a claim of $ 1.3 billion in the Terra bankruptcy case.
Meanwhile, FTX, which applied for bankruptcy in November 2022, has made its own money to recover.
In November of last year, one of the lawsuits were submitted, one Against Skybridge Capital And its founder, Anthony Scramuchi, to recover the money spent by the former CEO of FTX Sam “SBF” Bankman on deals and investment.
Another lawsuit was filed against the exchange of encryption Binance and its former CEO, Changpeng ZhaoTo restore $ 1.76 billion in the encrypted currency that was sent to the stock exchange as part of the repurchase deal in July 2021.
Alexander Ivanov founder He is also at the intersection For 80 million dollars of encryption sent to the decentralized liquidity protocol of waves from Alaameda in 2022.
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