FTX Bankruptcy Claim Expanded to $1.5B

3AC’s Bankruptcy Claim Against FTX Increased to $1.5 Billion

• Three Arrows Capital’s (3AC) liquidators raised their claim against FTX from $120 million to $1.5 billion.
• The court approved the expanded claim, citing breach of contract and unjust enrichment.
• 3AC had approximately $1.5 billion in assets on FTX as of June 12, 2022.
• Assets were liquidated between June 12 and June 14, 2022, to satisfy a $1.3 billion liability to FTX.
• The court found that the original claim provided sufficient notice despite opposition from FTX’s debtors.

The court allowed Three Arrows Capital’s liquidators to increase their bankruptcy claim against FTX to $1.5 billion after discovering new evidence related to asset liquidation in June 2022.