Three Arrows Ups Bankruptcy Claim Against FTX to $1.5 Billion

Liquidators for fallen cryptocurrency hedge fund Three Arrows Capital Ltd. are seeking to increase their claim against bankrupt cryptocurrency exchange FTX Trading Ltd. from $120 million to $1.53 billion.

The stark increase in how much Three Arrows now says its claim is worth stems from the value of its assets that were either liquidated, sold, or moved from the FTX platform in the two weeks before its own liquidation began, the crypto hedge fund’s liquidators said in a Tuesday court filing to the US Bankruptcy Court for the District of Delaware.

The motion to amend the claim by Three Arrows, ...