The bankrupt crypto currency fund Three Arrows Capital (3ac) significantly increased its claims in the US in the United States. According to the court documents, the request for compensation, which was initially 120 million dollars, was increased to $ 1.53 billion. This claim is based on the claim that FTX had liquidated assets belonging to 3ac before the bankruptcy in 2022. The documents submitted to the court show that the assets of the 3At in FTX were translated into cash between 12-14 June 2022.
3AC’s assets on FTX were liquidated
According to the court files, the assets of the 3 -on the FTX platform were $ 1.53 billion as of June 12, 2022. However, between 12 and 14 June, most of these assets were transformed into cash. According to the documents submitted by Liquidators, these assets were sold to meet the debt payments of $ 1.3 billion.
This development has damaged significant extent to the financial structure of the 3ac. The 3 -had serious losses with the collapse of the Terra ecosystem. At the same time, his financial problems deepened due to his $ 665 million debt to Voyager Digital. FTX’s liquidation process played a critical role in the closure of these debts.
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FTX’s bankruptcy and legal reflections
FTX’s bankruptcy in 2022 aroused a great impact on the crypto money market. The company deeply affected many investors and sector players. The legal conflict in the liquidation of the 3 -‘s assets reveals the details of this great collapse.
Sam Bankman-Fried, former CEO of FTX, came up with a high-profile case in 2023. Bankman-Fried, accused of misleading investors, faced serious accusations in the court’s abuse. The collapse of FTX and the subsequent legal struggle deepened the crisis of confidence in the crypto money market.
The decision of the Court, which increases the compensation request to $ 1.53 billion, may reshape both FTX’s bankruptcy disability and the financial balance of the 3Ac. Investors and sector experts carefully monitor how this switch can affect financial dynamics in the following stages.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
