Ghosts of the past. The FTX exchanging fall has led to a chain reaction in the ecosystem crypto. Many companies were therefore influenced by the fall of FTX and this is especially the case of the investment fund Three Arrows Capital (3AC), who went bankrupt in June 2022. Since then, 3AC liquidators have been trying to restore the funds held by FTX. A situation that could develop well in favor of 3AC according to the latest information.
- The FTX shift fall has caused a significant impact on the ecosystem, including companies such as Three Arrows Capital, which claimed $ 1.53 billion in FTX.
- The judge agreed with the liquidators 3AC, allowing them to increase their complaint against the FTX, revealing the persistent tension in the world of cryptocurrency.
Three Arrows Capital claims $ 1.53 billion from FTX
In June 2022, Investment Fund Three Arrows Capital (3ac) asked for bankruptcy. In parallel, the company filed a complaint as part of FTX bankruptcy for the amount $ 120 million.
Then, in November 2024, there were 3AC liquidators has increased this complaint $ 1.53 billion, causing accusations of breach of contract, unfair enrichment and breach of trust.
According to them Ftx In 2022, the assets of the 1,53 billion USD in the hedge fund, which was disposed of to settle $ 1.33 billion, followed.
It is clear that Ftx debtors questioned this modified complaint and confirmed that evidence of the original complaint was not sufficient to inform them of the nature and quantity that liquidators of the liquidators 3ac would claim and arrived too late to be accepted.
The judge agrees 3ac
March 13, Main Judge John Dorsey ruled in favor of liquidators 3ac. Therefore, he thought they respected “Sufficient notification of their complaint” and that they left “Possibility to edit” Once all information is available.
In addition, the judge stressed that any delay was causedFtx inability Fast share the appropriate files:
‘The evidence suggests that the delay in submitting a document of the amended complaint was largely caused by the debtors themselves. »»
John Dorsey, Chief Judge – Source: Cointlegraph
Therefore the judge allowed 3ac liquidators Increasing their complaints to FTX from $ 120 million to $ 1.53 billion.
This decision is a victory for 3AC liquidators who also follow complaint Against other bankruptcy crypts such as Terraform Labs, asking $ 1.3 billion as part of the components Terra bankruptcy.
FTX continues to lead its own efforts to renew the funds. Last November, the stock exchange filed a number of prosecution, especially against SkyBridge Capital and its founder Anthony Scaramucci, as well as against Binance and its former CEO of ChangPeng Zhao. The story does not end and SBF even does resistance to continue to exist …