US court approves Three Arrows Capital’s $1.53 billion claim against FTX

Odaily reported that the U.S. bankruptcy court has approved the liquidator of the hedge fund Three Arrows Capital (3AC) to expand the claim amount against FTX to $1.53 billion, rejecting the objections of FTX debtors who believe this move is untimely and unfair. Previously, in November 2024, the liquidator of Three Arrows Capital sought to amend the claim against FTX, increasing the claim amount from $120 million to $1.53 billion. The liquidator claimed that in the two weeks before the collapse of the hedge fund, FTX liquidated and seized their assets on the platform to repay a $1.33 billion debt. The hedge fund claimed these transactions were "avoidable and unfair" and caused damage to Three Arrows Capital's creditors. Three Arrows Capital believes the liquidation should be void, accusing FTX of underestimating the transactions and violating trust and contract.