BlockBeats news, on March 14th, according to Decrypt, the US bankruptcy court has approved Three Arrows Capital (3AC), a Hedging fund, to increase the claim amount against FTX to $1.53 billion, rejecting FTX debtor’s opposition, who deemed it untimely and unfair. BlockBeats previously reported that in November 2024, the liquidator of Three Arrows Capital sought to amend the claim against FTX, increasing it from $120 million to $1.53 billion. The liquidator claimed that two weeks before the collapse of the Hedging fund, FTX liquidated and seized their assets on the platform to repay a $1.33 billion debt. The Hedging fund alleges these transactions were “avoidable and unfair,” causing harm to Three Arrows Capital creditors. Three Arrows Capital believes the liquidation should be invalid, accusing FTX of undervaluing the transactions and violating trust and contracts.
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