Three Arrows Capital’s Claim Against FTX Soars to $15.3 Billion After Bankruptcy Court Approval

In a significant ruling on March 14, COINOTAG reported that the U.S. bankruptcy court has granted the liquidators of Three Arrows Capital (3AC) the authority to amplify their claim against FTX to an astonishing $15.3 billion. This decision comes despite objections from FTX’s debtors, who argue that such an expansion of claims is both untimely and unfair. Previously, in November 2024, liquidators sought to adjust their claim from $120 million to this substantial amount, citing that FTX had liquidated essential assets just weeks prior to the hedge fund’s collapse, ultimately settling a $13.3 billion debt. The liquidators assert that these asset seizures were “avoidable and unfair”, deeply affecting the creditors of 3AC. The hedge fund is now demanding that this liquidation process be declared invalid, alleging that FTX engaged in misrepresentation during these transactions, thus violating both trust and contractual obligations.