Three Arrows Capital seeks to increase claim against FTX to $1.5B
4 days ago · 3AC liquidators want $1.3 billion from Terraform Labs. Beyond FTX, 3AC is also pursuing claims against another collapsed crypto firm, Terraform Labs. On Aug. 9, 3AC’s liquidators filed a $1.3 ...
3AC Liquidators Seek to Boost FTX Claim to $1.53 Billion ... - Crypto News
3 days ago · Liquidators for the now-bankrupt crypto hedge fund Three Arrows Capital (3AC) are seeking a court’s approval to raise their claim against FTX from $120 million to a staggering $1.53 billion. The move stems from allegations that, just two weeks before 3AC’s collapse, FTX liquidated and seized $1.33 billion worth of the hedge fund’s assets ...
3AC Seeks $1.53 Billion Claim Against FTX Amid Asset Seizure …
3 days ago · 3AC is going after FTX again. In a new filing, 3AC’s liquidators are asking to increase their original claim from $120m to $1.53b. This is because they allege FTX seized and liquidated $1.33b of 3AC’s assets just before 3AC went down in 2022. Liquidators say these transactions, which happened just 2 weeks before 3AC filed for bankruptcy ...
3AC Sues FTX for $1.5 Billion Over “Unlawful Liquidation”
4 days ago · The liquidators of the defunct hedge fund Three Arrows Capital (3AC) have increased their bankruptcy claim against FTX from $120 million to a massive $1.5 billion. They accuse FTX of unfairly liquidating 3AC’s assets just weeks before the fund’s collapse. FTX, however, argues that a person linked to 3AC authorized the liquidation.
FTX Bankruptcy: 3AC Ups Claim to $1.53B - CCN.com
Oct 2, 2024 · Accusations of Unfair Transactions. The 3AC liquidators filed an initial claim of $120 million with FTX, but according to the court filings, the amount has increased to $1.53 billion , which is a substantial change in the demands.The filings assert that FTX seized $1.33 billion worth of its assets to settle outstanding debts and claimed it was unavoidable and detrimental to the interest of its ...
How the fall of Three Arrows, or 3AC, dragged down crypto …
Jul 11, 2022 · Now the firm, also known as 3AC, is headed to bankruptcy court after the plunge in cryptocurrency prices and a particularly risky trading strategy combined to wipe out its assets and leave it...
Court Freezes Three Arrows Capital Founders’ Assets Worth $1 ... - Forbes
Dec 21, 2023 · Topline. A court in the British Virgin Islands froze around $1 billion in assets belonging to the founders of Three Arrow Capital, the crypto hedge fund whose sudden insolvency in June last year...
The co-founder of a collapsed crypto hedge fund was arrested in ...
Sep 29, 2023 · Su Zhu, the co-founder of the collapsed crypto hedge fund Three Arrows Capital (3AC), was arrested in Singapore on Friday. Zhu was taken into custody while attempting to leave the country from...
Three Arrows co-founder sent to prison in Singapore, says liquidator
Sep 29, 2023 · Su Zhu, co-founder of collapsed crypto hedge fund Three Arrows Capital, has been imprisoned for four months for failing to co-operate with investigations into its failure, its liquidator said...
Three Arrows Capital blew through billions with risky …
Aug 15, 2022 · Crypto hedge fund Three Arrows Capital (3AC) had signs of mismanagement before its ultimate collapse. A report from New York Magazine reveals how the company went from forex trading to a...