US court allows 3AC to increase FTX claim from $120M to $1.5B, despite FTX's objections of disrupting reorganization plan

US court allows 3AC to expand FTX claim to $1.5 billion; FTX argues reorganization plan at risk

Companies • March 14, 2025, 3:30AM EDT Quick Take A U.S. bankruptcy court allowed 3AC to expand its claims against FTX from $120 million to $1.53 billion. The ruling came despite FTX’s argument that the motion to amend claims came too late, and would disrupt its reorganization plan. A U.S. bankruptcy court has given permission to failed crypto hedge fund Three Arrows Capital to increase its claim against FTX from $120 million to $1.53 billion.The U.S. Bankruptcy Court for the District of Delawar...