Three Arrows Wins Bid for $1.5 Billion Bankruptcy Claim on FTX

A bankruptcy judge will allow a $1.53 billion amended claim from the collapsed cryptocurrency hedge fund Three Arrows Capital Ltd., despite objections from bankrupt FTX Trading Ltd. that it was filed too late.

Judge John T. Dorsey of the US Bankruptcy Court for the District of Delaware on Thursday rejected objections from FTX, finding the original $120 million claim from Three Arrows was “not sufficient” to adequately inform Sam Bankman-Fried’s fallen crypto exchange about the nature and extent of the claims asserted in the amendment.

FTX also failed to put forth evidence supporting its argument that the amended claim “would ...