A U.S. bankruptcy court has permitted liquidators of the defunct hedge fund Three Arrows Capital (3AC) to increase their claim against FTX to $1.53 billion. Judge John T. Dorsey ruled that 3AC’s liquidators provided adequate notice and that confusion was caused by FTX's delay in sharing records. FTX’s debtors objected, arguing that the amendment introduced new legal claims and significantly raised the claim's size, but the court dismissed these concerns, stating that 3AC's original claim indicated the possibility of later claims. 3AC had collapsed in June 2022 owing to a significant downturn in the crypto market and had filed a $120 million claim in June 2023. The recent ruling adds complexity to the bankruptcy proceedings.

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