According to the newly released court document, the FTX secretly paid $ 1.5 billion in 3AC (3 Arrows Capital) assets two weeks before the hedge fund collapsed in 2022.
When a series of leverage -directional trading was sour, 3AC collapsed in mid -2012 when 3AC gained more than $ 10 billion. The hedge fund has been borrowed from more than 20 large companies before a cryptocurrency in May 2022, which has fallen to $ 16,000 by Bitcoin (BTC).
However, according to the recent evidence, FTX Exchange cleared $ 1.55 billion worth of 3AC assets two weeks ago than the collapse of the hedge fund.
3AC said, “MBOTTJER,” a pseudonym co -founder of FTX creditors, FTX creditors, and bankruptcy buyers, the bankruptcy court, “The bankruptcy court asked the bankruptcy court to increase the claim for the FTX from $ 120 million to $ 1.55 billion.
“3AC recently found evidence that the FTX had liquidated $ 15.3 billion out of 3AC assets two weeks before the 3AC itself was liquidated.
source: Mbottjer
The Crypto Hedge Fund argues that the FTX’s bankruptcy procedure has not been informed about these liquidation. The court has been able to pursue $ 1.55 billion in the FTX bankruptcy case, with 3AC acting in good faith.
On December 21, 2023, the British Virgin Irish court freezed $ 11.4 billion worth $ 11.4 billion in assets of Kyle Davies and SU ZHU, the 3AC co -founder. Teneo estimates that the 3AC creditor is still in debt of about $ 3.3 billion following the collapse of the hedge fund in 2022.
Davis argued that the claim of Teneo, the company in charge of 3AC’s liquidation, was exaggerated that SU ZHU, a co -founder with him, was “not cooperated.”
relevant: The US Court nods three arrows to raise the FTX claim to $ 1.53B.
There is no $ 1.5 billion that is not enough to avoid 3AC collapse.
According to Nansen’s research analyst Nicolai SONDERGAARD, it would not have been enough to save 3AC from bankruptcy, which is much larger than the $ 1.5 billion FTX.
“In what I can see, even though there was an additional $ 1.5 billion in 2022, it would not have been possible to meet the creditor’s claim/debt repayment.”
“If you are not a legal expert, 3AC can pursue much more, but you will not receive $ 1.55 billion. The fact that they will get more is realistic, but how certain is it? ”
relevant: 3AC liquidator submits $ 1.3B of claim for terraform labs.
Binance co -founder and former CEO Changpeng Zhao called this revelation as “transition of interesting events.”
source: CZ BNB
Zhao said in the X POST on March 14, “I am wondering if FTX is related to LUNA/USST Crash/DEPEG in May 2022.
The collapse of 3AC occurred just before the TerraForm Labs’ Terra (Lunc) and Terraclassicusd (USSTC) tokens, after a month, after the Crypto Lender Celsius decreased by 90%, and then stopped all user withdrawal.
https://www.youtube.com/watch?v=tvmmmj6rrR4SO
magazine: ‘Hong Kong’s FTX’ victims are litigation, banker Bash Stablecoins: Asia Express