According to TechFlow, on November 14, Cointelegraph reported that the liquidator of Three Arrows Capital (3AC) submitted a motion to the court to increase the claim amount against FTX from US$120 million to US$1.53 billion. According to court documents, FTX arbitrarily liquidated and seized the hedge fund's assets worth US$1.33 billion on the platform for debt settlement two weeks before the collapse of 3AC.
3AC liquidators stated that FTX's liquidation was "revocable and unfair" and caused significant losses to creditors. They accused FTX of underestimating the value of transactions and violating trust and contractual obligations. Due to FTX's delay in providing key information, the 3AC team did not confirm the specific amount of losses until August 2024 by parsing the raw data.
FTX responded that the liquidation operation was initiated by an anonymous person associated with 3AC, but the identity of the person has not yet been determined. The court will hear 3AC's motion to amend the claim on November 20. It is worth noting that 3AC also filed a $1.3 billion claim in Terraform Labs' bankruptcy case, accusing it of misleading 3AC to invest in UST and LUNA.
