Big news in the crypto world! Two giant companies, Three Arrows Capital (3AC) and FTX, both went bankrupt. They were like super-rich crypto investors and a big online store for crypto, respectively. Now, there's a court fight over money!
- 3AC is demanding a HUGE amount of money from FTX.
- Originally, 3AC wanted $120 million, but now they want $1.53 billion!
- A judge agreed with 3AC, saying FTX needs to pay.
- FTX is unhappy about this and thinks it will make their bankruptcy take longer.
| Fact | Amount |
|---|---|
| 3AC's original claim | $120 million |
| 3AC's new claim | $1.53 billion |
This is a complicated case, but it shows how risky investing in crypto can be. Both 3AC and FTX were once huge, but now they are gone. This court case is all about who gets what money that's left.
