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FTX Bankruptcy Hit by Court Ruling Favoring 3AC’s $1.53 Billion claim

  • A Delaware bankruptcy court approved hedge fund Three Arrows Capital's increased claim against FTX from $120 million to $1.53 billion.
  • FTX is facing a legal dispute over allegations that it liquidated $1.53 billion of 3AC's assets just before the hedge fund collapsed.
  • The court found insufficient evidence to support FTX's claim that the liquidation was necessary to settle a loan obligation.
  • The court's decision reshapes how FTX's remaining assets may be distributed among creditors, potentially causing further delays in payouts.

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