SHOCKING COURT RULING: 3AC SKEWERS FTX WITH A MAMMOTH $1.5 BILLION CLAIM!
In a BLISTERING twist in the ongoing FTX saga, Three Arrows Capital (3AC) has just CRUSHED expectations by inflating its bankruptcy claim against FTX from a paltry $120 million to a jaw-dropping $1.5 billion! This game-changing court ruling just dropped, and it’s sending shockwaves through the crypto world!
GAME-CHANGING COURT VICTORY!
3AC’s liquidators, Russell Crumpler and Christopher Farmer, initially set their sights on recovering $120 million, chasing down assets they believed were unjustly snatched before the company’s catastrophic bankruptcy. But hold on to your hats! After digging deeper, they struck gold—unearthing evidence that 3AC had a staggering $1.5 billion in assets stashed on FTX before a whirlwind sell-off took place from June 12 to 14, 2022, wiping nearly all of it out to cover a massive $1.3 billion liability.
COURT BATTLES AND REVELATIONS!
FTX’s debtors tried to fight back, claiming the amendment came too late and lacked "proper notice." But surprise, surprise! The court SLAMMED these arguments down, recognizing that the original claim was more than sufficient for the FTX financial bigwigs. The judge didn’t hold back, pointing out that FTX had kept crucial financial details under wraps, which contributed to the delays on 3AC’s part.
A GUT PUNCH TO FTX REORGANIZATION PLANS!
Despite FTX’s desperate claims that this hefty increase would derail their reorganization plans, the court found NO compelling evidence to back that up. Their loss is 3AC’s explosive WIN! The new claim is now officially on the table, and it’s a total game-changer.
AND THE TURMOIL CONTINUES…
But the drama doesn’t stop at FTX! In addition to targeting the cryptocurrency exchange, 3AC’s liquidators are also aiming a hefty $1.3 billion claim at Terraform Labs, alleging they were duped into investing in TerraUSD (UST) and Luna (LUNA) based on misleading information and market rigging. As if that’s not enough, Terraform Labs’ co-founder, Do Kwon, is under the magnifying glass, facing a slew of federal fraud charges connected to the collapse of these tokens. His trial looms on the horizon, set to kick off on January 26, 2026.
The stakes have never been higher, and the revelations keep getting MORE EXPLOSIVE! Stay tuned for the next chapter in this unfolding crypto catastrophe!
