The 3AC is approved for the Court to expand the FTX bankruptcy request from $ 120 million to $ 1.5 billion.

According to a court submitting a court submitted by Michael Bottjer, the co -founder of FTXCREDITOR, a co -founder of FTXCREDITOR, three Arrows Capital (3AC) liquidator shared a court shared by Michael Bottjer, co -founder of FTX bankruptcy. It has been approved to increase bankruptcy from $ 120 million to $ 1.5 billion.

Russell Crumpler and Christopher were appointed to manage 3AC liquidation in the British Virgin Islands (BVI) and originally submitted a proof of $ 120 million (POC) with the goal of recovering inappropriate assets before bankruptcy of 3AC.

But after further investigation and discovery, they discovered new evidence on June 12, 2022, with new evidence that there were about $ 1.5 billion in assets in FTX Exchange, which was liquidated to meet $ 1.3 billion in FTX between June 12 and June 14, 2022.

These results led to the consent of the liquidator to revise the POC to increase the liquidation amount from $ 120 million to $ 1.5 billion.

FTX debtors argued that there was no appropriate notice against the amendment and was raised too late. The court, however, provided sufficient notice with two arguments related to the same key case as the 3AC’s FTX account liquidation between June 12 and 14, 2022.

The judge pointed out that the debtors of the FTX had related financial information, but they were suspended from 3AC liquidators and contributed to the delay. The FTX insisted that the increase in the increase would interfere with the reconstruction plan, but the court did not find specific evidence that supported this claim.

Ultimately, the court supported 3AC and made a decision and allowed $ 1.5 billion to proceed.

In addition to FTX, 3AC’s liquidator sought $ 1.3 billion in Terraform Labs. This application was submitted to the US bankruptcy court in the Delaware District in August.

The liquiders argue that Terraform Labs misunderstood 3AC for the stability of Terrausd (USST) and LUNA (LUNA) and artificially expanded the price through market manipulation. As a result, 3AC invested greatly in this token, causing great financial losses when the Terra ecosystem collapsed in May 2022.

Do Kwon, a co -founder of Terraform Labs, is faced with allegations of federal fraud associated with the collapse of UST and LUNA. His trial will begin on January 26, 2026.

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