Algorithmic Ratings & Investment Analysis
©ARIA 2025
by aria-crypto.com
March 15, 2025 at 11:57
US Judge Approves Monumental Claim Increase for Three Arrows Capital in FTX Bankruptcy Case
A US judge has approved a significant expansion of Three Arrows Capital's (3AC) claim against the now-bankrupt cryptocurrency exchange FTX, elevating the claim to $1.53 billion. This decision marks a substantial increase from the initial $120 million claim filed by 3AC. The court documents reveal that FTX, which declared bankruptcy in 2022, liquidated approximately $1.53 billion of 3AC's assets on its platform shortly before 3AC itself collapsed. The liquidation occurred over two days, from June 12 to June 14, 2022, as 3AC struggled with a negative USD balance of around $1.3 billion. This liquidation was reportedly executed to cover the liabilities 3AC owed FTX. The collapse of the Terra (LUNA) ecosystem in 2022, which erased $40 billion from the market, severely impacted 3AC, leading to its inability to meet margin calls and a subsequent default notice from Voyager Digital on a $665 million debt. The bankruptcy of FTX followed the Terra collapse, with its CEO Sam Bankman-Fried later convicted for defrauding investors and mismanaging billions in customer funds.
The integration of cryptocurrency into traditional banking appears to be gaining momentum in the United States. This shift follows regulatory crackdowns that affected numerous crypto-friendly institutions afte...
The Australian Federal Court has delivered a significant victory for crypto lender Block Earner, ruling that its discontinued "Earner" product does not require licensing as a financial product. This decision ...
Bithumb, one of South Korea's leading crypto exchanges, is preparing for an initial public offering (IPO) by splitting its operations into two distinct entities. The newly formed Bithumb Korea will focus exclu...
A U.S. judge has approved Binance's request to move its ongoing lawsuit to the Southern District of Florida. This decision comes as the case contains allegations of money laundering similar to an earlier Flori...
A significant shift is unfolding at the U.S. Securities and Exchange Commission (SEC) with the recent appointment of Paul S. Atkins as chairman. Atkins, who has a robust background in financial regulation, is ...
11 hours ago
Four notable players in the cryptocurrency space, including Circle and BitGo, are reportedly applying for banking licenses to integrate digital assets into the traditional financial ecosystem. Circle, the issu...
13 hours ago
Charles Schwab, a prominent financial services firm managing over $10 trillion in assets, is eagerly exploring the launch of a spot crypto trading platform within the next year. During a recent earnings call, ...
In a significant move, leading cryptocurrency firms Circle and BitGo are set to apply for banking licenses in the United States. This initiative reflects a strategic effort by the crypto industry to integrate ...
The SEC's scrutiny of the crypto industry continues to intensify, with Miami-based Unicoin currently under threat of legal action. Unicoin’s co-founder, Alex Konanykhin, has stated that the firm will fight the...
The Central Bank of the UAE has officially granted a license to FUZE, a subsidiary specializing in digital asset payments. This represents a significant milestone for the region as it embraces technological ad...
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