Lawyers acting for the collapsed crypto exchange FTX have rebuked a $1.53 billion recovery claim from Three Arrows Capital’s liquidators, arguing the losses result from a risky trading strategy that should not be paid for by creditors.
Three Arrows Capital expanded claim approved by judge
3AC liquidators initially filed a $120 million claim in FTX’s bankruptcy case in June 2023 and data-ct-non-breakable=”null” href=”https://cointelegraph.com/news/3ac-liquidators-ftx-claim-bankruptcy” title=”null”>expanded it to $1.53 billion in November 2024, alleging claims including breach of contract, fiduciary duty and unjust enrichment.
The liquidators alleged FTX held $1.53…

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