The liquidators of Three Arrows Capital (3AC) plan to raise their claim against FTX from $120 million to $1.53 billion, alleging that FTX improperly liquidated its assets two weeks prior to the collapse of 3AC to repay a debt of $1.33 billion. 3AC stated that these liquidation transactions were "unreasonable and unfair," causing harm to its creditors. Furthermore, the liquidators claimed that FTX delayed providing necessary information, forcing 3AC to analyze the data on its own to account for losses, and only confirmed the liquidation amount in August. FTX stated that the liquidation was initiated by anonymous individuals associated with 3AC, whose identities have not yet been confirmed. The court will hear 3AC's motion to amend the claim on November 20. (Cointelegraph)

The liquidators of Three Arrows Capital (3AC) plan to increase their claim against FTX from $120 million to $1.53 billion, accusing FTX of improperly liquidating its assets two weeks before the collapse of 3AC to repay $1.33 billion in debts. 3AC claims that these liquidation transactions were "unreasonable and unfair," causing harm to its creditors. Additionally, the liquidators allege that FTX delayed providing necessary information, forcing 3AC to analyze data independently to account for losses and only confirming the liquidation amount in August. FTX stated that the liquidation was initiated by anonymous individuals associated with 3AC, whose identities have not yet been confirmed. The court will hear 3AC's motion to amend the claim on November 20. (Cointelegraph)

Three Arrows Capital (3AC) will increase its claim amount against FTX to 1.53 billion.