An American judge grants a motion to greatly expand the claim of the failed Crypto Hedgefonds Three Arrows Capital (3AC) against the deficiency Crypto exchange FTX.
According to new judicial files, a judge grants an extension to the 3AC claim against FTX, which means that the total is brought to a stunning $ 1.53 billion of just $ 120 million.
The document says that FTX, which went bankrupt in 2022 under the leadership of Chief Executive Sam Bankman baked, $ 1.53 billion in 3ac’s assets on the platform only two weeks before 3AC went under itself.
“Liquidators had learned that on 12 June 2022 3AC had about $ 1.53 billion in assets on the FTX platform, and that between the closure of the business community on 12 June 2022, and the closure of the business community on 14 June 2022, almost all assets were liquidated.
The analysis of the liquidators also showed that on 12 June 2022 an alleged liability (a ‘negative USD balance’ was called from the end of the business community) of approximately $ 1.3 billion that were liquidated to eliminate 3AC’s assets to eliminate.
In other words, the information obtained by the liquidators in the year, because they submitted their original POC, led them to the new conclusion that only two weeks before the start of the 3AC liquidation, the $ 1.53 billion in assets that had 3AC on the FTX platform in the FTX platform in F. $ 1.5. ”
3AC was hit hard and then failed to meet his margin calls after the Terra (Luna) ecosystem (Luna) collapsed in 2022, causing $ 40 billion to disappear from the digital assets industry. Around that time, 3AC was hit with a notification of standard on a debt of $ 665 million that owed the Crypto Hedge Fund Voyager Digital.
FTX also went bankrupt after Terra’s collapse. Bankman-Grieduurd was later found guilty of cheating investors and the wrong handling of billions of dollars in customer funds. He was found guilty in 2023 and sentenced to decades behind bars.
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