U.S. Court in Delaware Approves 3AC's Claim Expansion Against FTX to $1.53 Billion from $120 Million, Risking Reorganization

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Published Mar 14, 2025, 07:59 AM

The U.S. Bankruptcy Court in Delaware has approved liquidators of the defunct hedge fund Three Arrows Capital (3AC) to expand their claim against FTX to $1.53 billion. This decision comes after the court rejected objections from FTX debtors. The increase in the claim from an initial $120 million poses risks to FTX's reorganization plan, as noted by various sources. The ruling allows 3AC to pursue a larger recovery from FTX amid ongoing bankruptcy proceedings.

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Crypto Rover

@rovercrc

💥BREAKING: U.S. court approves 3AC’s claim increase from $120M to $1.5B, risking FTX’s reorganization. PARTS OF THESE FUNDS COULD HIT THE MARKET!!! https://t.co/4uwFniuo1Q

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@TheBlock__

US court allows 3AC to expand FTX claim to $1.5 billion; FTX argues reorganization plan at risk https://t.co/k46Txs7xyR

ICO Drops

@ICODrops

A U.S. bankruptcy court has granted liquidators of defunct hedge fund Three Arrows Capital (3AC) permission to expand their claim against @FTX_Official to $1.53 billion https://t.co/kO7Dg2Eds1

Story Timeline

2 days ago•Latest version

Three Arrows Capital Wins $1.53 Billion Claim Against FTX, Impacting Restructuring Plan

3 days ago•Original version

U.S. Court in Delaware Approves 3AC's Claim Expansion Against FTX to $1.53 Billion from $120 Million, Risking Reorganization

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U.S. Court in Delaware Approves 3AC's Claim Expansion Against FTX to $1.53 Billion from $120 Million, Risking Reorganization

Fed decision in June?

Fed decision in May?

Sources

Story Timeline

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