The liquidators of the failed cryptocurrency hedge fund Three Arrows Capital (3AC) have successfully increased their bankruptcy claim against FTX Trading Ltd. from $120 million to $1.53 billion, following a ruling by a Delaware judge. This decision came despite objections from FTX, which argued that the claim adjustment was made in bad faith. This development is part of ongoing legal battles in the cryptocurrency sector. The increase in the claim amount could impact FTX's restructuring efforts, as the exchange has expressed concerns that its plan is now at risk due to 3AC's collapse during the LUNA/Terra crash.
The Bitcoin short squeeze starts NOW! https://t.co/LwGI4V93Hq
JUST IN: FIDELITY JUST BOUGHT $9.2M WORTH OF $BTC Source: @rovercrc https://t.co/UrclWtvvAQ https://t.co/OxBmHQTzxd
BREAKING: 🇺🇸 FIDELITY HAS JUST BOUGHT $9,200,000 WORTH OF BITCOIN. https://t.co/mebaovGrWY