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A U.S. bankruptcy court has ruled in favour of Three Arrows Capital (3AC) liquidators, granting them permission to increase their claim against the collapsed crypto Un tribunal de quiebras de EE.UU. ha autorizado a los liquidadores del extinto fondo de cobertura de criptomonedas Three Arrows Capital (3AC) a aumentar su The US Bankruptcy Court allowed Three Arrows Capital's liquidators to increase their FTX claim from $120 million to $1.53 billion. The claim expansion includes According to new court filings, a judge is granting an expansion to 3AC’s claim against FTX, bringing its total up to a staggering $1.53 billion from just $120 million. Singapore-based crypto hedge fund Three Arrows Capital (3AC) has received approval from U.S. courts to increase the size of its bankruptcy claim against defunct The U.S. Bankruptcy Court in Delaware granted the liquidators of the defunct hedge fund Three Arrows Capital (3AC) permission to expand their claim against FTX Liquidators for the now-bankrupt crypto hedge fund Three Arrows Capital (3AC) are seeking a court’s approval to raise their claim against FTX from $120 million to a According to the data provided by Etherscan, Three Arrow Capital has transferred 10,000 Ethereum tokens to the FTX exchange. The value of Three Arrows Capital (3AC), a bankrupt crypto hedge fund, is attempting to amend its claim against defunct cryptocurrency exchange FTX, increasing the amount from

Three Arrows Capital (3AC) Moving 10,000 Ethereum to FTX? Here's What's Happening

Recent on-chain data shows activity involving Three Arrows Capital (3AC) and the FTX exchange. According to the data provided by Etherscan, Three Arrow Capital has transferred 10,000 Ethereum tokens to the FTX exchange. But what does this mean, especially considering the current legal battles and bankruptcy proceedings surrounding both entities?

The Backstory: 3AC's Claim Against FTX

The value of Three Arrows Capital (3AC), a bankrupt crypto hedge fund, is attempting to amend its claim against defunct cryptocurrency exchange FTX, increasing the amount from an initial $120 million. A U.S. bankruptcy court has ruled in favour of Three Arrows Capital (3AC) liquidators, granting them permission to increase their claim against the collapsed crypto. Un tribunal de quiebras de EE.UU. ha autorizado a los liquidadores del extinto fondo de cobertura de criptomonedas Three Arrows Capital (3AC) a aumentar su. Singapore-based crypto hedge fund Three Arrows Capital (3AC) has received approval from U.S. courts to increase the size of its bankruptcy claim against defunct.

The US Bankruptcy Court allowed Three Arrows Capital's liquidators to increase their FTX claim from $120 million to $1.53 billion. The claim expansion includes... According to new court filings, a judge is granting an expansion to 3AC’s claim against FTX, bringing its total up to a staggering $1.53 billion from just $120 million. The U.S. Bankruptcy Court in Delaware granted the liquidators of the defunct hedge fund Three Arrows Capital (3AC) permission to expand their claim against FTX.

Why the Ethereum Transfer?

While the specific reason for the 10,000 Ethereum transfer to FTX isn't explicitly stated, it is likely related to the ongoing bankruptcy proceedings and the expanded claim. Liquidators for the now-bankrupt crypto hedge fund Three Arrows Capital (3AC) are seeking a court’s approval to raise their claim against FTX from $120 million to a much larger sum. This transfer could be part of the process of recovering assets, settling debts, or fulfilling legal requirements within the bankruptcy case. It's important to note that FTX is currently under new management and engaged in restructuring efforts; therefore, the 10,000 ETH transfer may be part of the exchange's processes for managing claims and asset distribution during the bankruptcy resolution.

What's Next?

The expanded claim and any subsequent asset transfers will undoubtedly be subject to intense scrutiny as the bankruptcy cases for both 3AC and FTX continue to unfold. Keep an eye on court filings and industry news for further updates on this complex situation.

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