New Decision from the Court Regarding 3AC and FTX, which Dumplay Bitcoin! Will FTX Payments Be Postponed?

A new decision has been made by the court regarding Three Arrows Capital (3AC) and FTX, which caused major collapses in the cryptocurrency market with their bankruptcies.

A bankruptcy court in the United States has allowed the liquidators of Three Arrows Capital to increase their claims against the bankrupt FTX from 120 million dollars to 1.53 billion dollars.

The Bankruptcy Court for the District of Delaware in the USA ruled in favor of the amended requests of 3AC, despite FTX's objections that the requests were excessive.

In the court decision, it was stated that the 3AC liquidators timely notified of the correction request and that the alleged significant delay was due to the delayed record sharing of FTX debtors.

“The evidence shows that the liquidators of 3AC have been diligent in obtaining information and despite having all the information, FTX has repeatedly delayed providing them with the information.”

3AC liquidators first filed a $120 million claim in FTX's bankruptcy case in June 2023. They later expanded the claim in November 2024, alleging contract breaches, unjust enrichment, and breach of fiduciary duty.

In response to 3AC's request, the FTX bankruptcy table argued that 3AC's new demands were "excessively large," would cause "significant harm" to them if accepted, and would disrupt the implementation of the restructuring plan.

FTX initiated the first fund distribution to creditors last month and plans to make payments to the remaining creditors in the coming months.