The Daily Hodl 2025-03-15 11:45:31

US Judge Grants Motion Expanding Three Arrows Capital’s Claim Against Bankrupt Exchange FTX to $1,530,000,000

A US judge is granting a motion to greatly expand the claim of the failed crypto hedge fund Three Arrows Capital (3AC) against the defunct crypto exchange FTX. According to new court filings, a judge is granting an expansion to 3AC’s claim against FTX, bringing its total up to a staggering $1.53 billion from just $120 million. The document says that FTX, which went bankrupt in 2022 under the leadership of chief executive Sam Bankman-Fried, liquidated $1.53 billion worth of 3AC’s assets on the platform just two weeks before 3AC went under itself. “Liquidators had learned that as of June 12th, 2022, 3AC had approximately $1.53 billion of assets on the FTX platform, and that between the close of business on June 12th, 2022, and the close of business on June 14th, 2022, nearly all of those assets were liquidated. The Liquidators’ analysis further showed that as of the close of business on June 12th, 2022, 3AC had a purported liability (called a ‘negative USD balance’) of approximately $1.3 billion which, in the Liquidators’ view, 3AC’s assets were liquidated to eliminate. In other words, the information obtained by the Liquidators in the year since they filed their Original POC led them to the new conclusion that just two weeks before the commencement of the 3AC Liquidation, the $1.53 billion of assets that 3AC had on the FTX platform were liquidated to satisfy $1.3 billion in liabilities to FTX.” 3AC was hit hard and subsequently failed to meet its margin calls after the Terra (LUNA) ecosystem collapsed in 2022, causing $40 billion to vanish from the digital assets industry. Around that time, 3AC was hit with a notice of default on a $665 million debt owed to the crypto hedge fund Voyager Digital. FTX also went bankrupt after the collapse of Terra. Bankman-Fried was later found guilty of defrauding investors and mishandling billions of dollars worth of customer funds. He was found guilty in 2023 and sentenced to decades behind bars. Follow us on X , Facebook and Telegram Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: Midjourney The post US Judge Grants Motion Expanding Three Arrows Capital’s Claim Against Bankrupt Exchange FTX to $1,530,000,000 appeared first on The Daily Hodl .

Meist gelesene Nachrichten

G7 threatens Russia with more sanctions if it...
2025-03-15
AAVE Took Off While Many Watched—Qubetics Cou...
2025-03-15
21Shares To Liquidate Bitcoin and Ethereum Fu...
2025-03-15
Three Arrows Capital Escalates Legal Claims A...
2025-03-15
Bitcoin Traders Brace for Volatility Amid Ris...
2025-03-15
Here’s how Bitcoin long traders could be trap...
2025-03-15
Coinbase CLO Calls Out U.S. FDIC Over Withhel...
2025-03-15
The real losers and winners in Trump’s global...
2025-03-15

Ähnliche Neuigkeiten

Coinbase Introduces Cardano Futures, Paving the Wa...
15 Mar 2025
Bitcoin Risks Dropping to $10,000, Warns Bloomberg...
15 Mar 2025
Kaito AI and founder Yu Hu's X social media accoun...
15 Mar 2025
Despite Bitcoin’s Decline, Tom Lee Maintains BTC W...
15 Mar 2025
Ethereum Trade Idea: 30% Potential Gain Amid Marke...
15 Mar 2025
Bitcoin ETFs Face Challenges as Inflows Stall Amid...
15 Mar 2025

Lesen Sie den Haftungsausschluss : Alle hierin bereitgestellten Inhalte unserer Website, Hyperlinks, zugehörige Anwendungen, Foren, Blogs, Social-Media-Konten und andere Plattformen („Website“) dienen ausschließlich Ihrer allgemeinen Information und werden aus Quellen Dritter bezogen. Wir geben keinerlei Garantien in Bezug auf unseren Inhalt, einschließlich, aber nicht beschränkt auf Genauigkeit und Aktualität. Kein Teil der Inhalte, die wir zur Verfügung stellen, stellt Finanzberatung, Rechtsberatung oder eine andere Form der Beratung dar, die für Ihr spezifisches Vertrauen zu irgendeinem Zweck bestimmt ist. Die Verwendung oder das Vertrauen in unsere Inhalte erfolgt ausschließlich auf eigenes Risiko und Ermessen. Sie sollten Ihre eigenen Untersuchungen durchführen, unsere Inhalte prüfen, analysieren und überprüfen, bevor Sie sich darauf verlassen. Der Handel ist eine sehr riskante Aktivität, die zu erheblichen Verlusten führen kann. Konsultieren Sie daher Ihren Finanzberater, bevor Sie eine Entscheidung treffen. Kein Inhalt unserer Website ist als Aufforderung oder Angebot zu verstehen