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US court approves 3AC’s bid to expand 1.53 billion USD claim against FTX

A ruling by Judge John T. Dorsey permits Three Arrows Capital’s (3AC) liquidators to expand their claim against FTX to 1.53 billion USD. The judge indicated that delays previously experienced were attributable to FTX’s failure to supply timely records, allowing for the expansion despite objections.

The decision complicates FTX’s ongoing bankruptcy proceedings as 3AC, which previously filed a 120 million USD claim, adds new legal arguments to its case. This ruling arrives alongside broader scrutiny of 3AC’s founders and their financial dealings preceding the hedge fund’s collapse.

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