ChainCatcher news, the liquidators of Three Arrows Capital (3AC) are attempting to amend their claim against FTX, increasing the claim amount from $120 million to $1.53 billion.The liquidators of 3AC claim that FTX liquidated and seized their assets on the platform two weeks before the hedge fund's collapse to settle a $1.33 billion debt. The hedge fund argues that these transactions were "avoidable and unfair," causing harm to 3AC's creditors. 3AC believes the liquidation should be invalidated, accusing FTX of undervaluing the transactions and breaching trust and contract.The bankrupt hedge fund also claims that FTX delayed providing necessary information, forcing 3AC to parse original data to calculate losses. As a result, 3AC states that it could only confirm the liquidation amount in August. However, FTX responded that an unnamed individual associated with 3AC initiated the asset liquidation. FTX has not identified this person. A court hearing will be held on November 20 to discuss 3AC's motion to amend the claim.

According to ChainCatcher news, Arkham monitoring shows that the liquidator of Three Arrows Capital, Teneo, transferred 1.12 million ARB tokens to Binance in the past 12 hours, worth approximately $581,300; at the same time, it transferred 2.07 million STRK tokens to a Wintermute OTC address, worth approximately $855,800. The total of these two transfers is about $1,437,100.

ChainCatcher news, according to Bloomberg, the liquidators of the bankrupt crypto hedge fund Three Arrows Capital are seeking at least $1.3 billion in compensation from TerraForm Labs to cover the losses the fund suffered after the collapse of the TerraUSD and Luna tokens in 2022. The liquidators stated in court documents that before the collapse of these tokens, TerraForm had lured Three Arrows into purchasing Luna and TerraUSD by manipulating the market and artificially inflating the prices of these assets. The collapse of the tokens not only wiped out Three Arrows' investments in these tokens but also caused significant losses in other investments.The liquidators indicated that Three Arrows Capital purchased $190 million worth of Luna in January 2022. A few months later, a massive sell-off of TerraUSD led to a significant drop in the value of Luna. Court documents show that by the end of April 2022, Three Arrows held approximately $462 million worth of Luna, but by May 14, the value of its holdings plummeted to just over $2,700. Meanwhile, the net worth of Three Arrows Capital's other digital assets shrank by about $858 million.

ChainCatcher news, regarding the matter that "Curve founder Michael Egorov's address has been liquidated for 2.67 million CRV on UwULend," Egorov himself responded on social media, stating that due to a previous hacking incident, there are currently no CRV tokens available in the UwULend protocol to support uCRV (the CRV deposit receipt token of UwULend). Although the liquidator obtained uCRV through liquidation, they can only withdraw CRV from the protocol after purchasing CRV on UwULend and repaying the bad debt. In this way, Egorov will also be able to withdraw the remaining deposits.Egorov further stated that the current situation is that no one can withdraw funds from the hacked platform (UwULend) before the platform repurchases the funds (such as CRV, etc.).

ChainCatcher message, according to The Data Nerd monitoring, 16 million ONDO (approximately 19.37 million USD) was transferred from Coinbase's custody wallet to Teneo and Arrington on Bybit, Kucoin, and other VC addresses 4 hours ago.

ChainCatcher news, according to an official email, FTX liquidators PwC have released an update on the liquidation process, stating that customers of FTX or FTX International (Dotcom customers) are entitled to file claims in the Bahamian proceedings or the U.S. proceedings. At this stage, if the bankruptcy protection plan is approved, Dotcom customers are expected to receive 119 to 143 cents per dollar in claims.For customers who have submitted proof of debt claims in the Bahamian proceedings, FTX will send a letter in the future to confirm whether customers wish to continue managing, processing, adjudicating, and resolving claims in the Bahamas. Customers who have not yet submitted proof of debt claims in the Bahamian process can submit claims before the deadline, currently expected to be in mid-August 2024.Additionally, after the court approves the bankruptcy protection debtor's reorganization plan, FTX will confirm the date and next steps in writing. The hearing date for the U.S. bankruptcy court plan is scheduled for June 25, 2024.

ChainCatcher news, according to Spot On Chain monitoring, 3AC liquidator Teneo has deposited 2.18 million STRK (2.63 million USD) into Binance in the past three days. Currently, Teneo still holds 130 million STRK (157 million USD) of 3AC assets, becoming the second largest non-team/CEX STRK holding wallet. Yesterday, after Vitalik Buterin claimed to have received 845,000 STRK (1.07 million USD), the price of STRK dropped by 6% (24 hours).

ChainCatcher news, according to Bloomberg, FTX liquidators are about to sell Sam Bankman-Fried's $30 million penthouse in the Bahamas.

ChainCatcher news, on social media, on-chain analyst Yu Jin stated that 3AC's liquidator Teneo transferred 135,000 AVAX (approximately 7.87 million USD) to the Binance platform an hour ago.Since 3AC's wallet transferred 1,369,000 AVAX to Teneo on May 10, 2023, the market price of AVAX has seen significant changes. Since January 25 of this year, Teneo has transferred a total of 1,080,000 AVAX (approximately 45.73 million USD) at an average price of 42.35 USD.It is reported that this includes the transfer of 675,000 AVAX to Binance and 405,000 AVAX to B2C2Group. Teneo currently still holds 289,000 AVAX, worth approximately 16.77 million USD.

According to ChainCatcher news and Scopescan data, the address of Three Arrows Capital's liquidator Teneo (0xc7c) currently holds a total of $1.15 billion in crypto assets. The WLD it holds is currently valued at $796 million (75 million pieces). Other assets include:134 million STRK, approximately $309 million8.437 million DYDX, approximately $36.19 million6.02 million USDC

ChainCatcher news, according to monitoring by Shield, the 3AC liquidator Teneo address has transferred 34,750 USDC to a new address (0xc41ff...713c).

ChainCatcher message, the address of the Three Arrows Capital liquidator "Teneo: 3AC Liquidation" received 134 million STRK, making it the 9th largest holder of STRK.

ChainCatcher message, Scopescan data shows that the address starting with "0xc7c" marked as "Teneo: 3AC Liquidation" currently holds a total value of cryptocurrency assets amounting to $591 million.The current holdings of WLD tokens reach 75 million, valued at approximately $557 million, accounting for 94% of its total wallet assets. Other assets include: 8.437 million DYDX, 5.75 million USDC, 160,000 AXS, and 101.98 ETH.

ChainCatcher news, FTX and its affiliated debtors have reached a global settlement with the joint official liquidators regarding FTX debtor's wholly-owned subsidiary FTX Digital Markets. FTX Digital Markets is currently undergoing liquidation proceedings in the Bahamas. The settlement has been reflected in a global settlement agreement signed by the parties today. The global settlement agreement is subject to approval by the U.S. Bankruptcy Court for the District of Delaware and the Supreme Court of the Bahamas.

ChainCatcher news, according to Scopescan monitoring, in the past 15 hours, the FTX liquidator address deposited 916,780 AVAX (20.7 million USD) into Binance via FalconX.

ChainCatcher message, Scopescan monitoring shows that the address controlled by FTX liquidators staked 13.05 million MATIC 11 hours ago. The annual rewards for this portion are expected to be 599572.3771 MATIC.

ChainCatcher news, according to Scopescan monitoring, the FTX liquidator address currently holds 25 million WLD (approximately 37 million USD), transferred from the Worldcoin address a week ago.It is reported that SBF is an early investor in the Worldcoin project.

ChainCatcher news, according to The Block, the $140 million dispute between DeFiance Capital and the Three Arrows Capital liquidators will be heard in Singapore. The specific dispute involves assets managed by DeFiance Capital that are independent of Three Arrows Capital's operations but are part of its corporate structure. The Three Arrows Capital liquidators claim that these funds should be held as part of the Three Arrows estate and distributed to creditors, while DeFiance Capital argues that these funds should be treated separately and returned to its own investors.

ChainCatcher news, according to CoinDesk, the liquidators of Three Arrows Capital (3AC), Teneo, may attempt to recover approximately $1.2 billion from DCG and BlockFi.According to a confidential report from Teneo dated July 7, Three Arrows Capital has over $1 billion in "potential claims" against DCG and its lending subsidiary Genesis. The report also noted that BlockFi received over $220 million in "priority payments" from Three Arrows Capital. (Source link)

ChainCatcher news, according to Bloomberg citing informed sources, the liquidators of Three Arrows Capital are seeking to recover $1.3 billion from the fund's founders.Three Arrows Capital co-founders Su Zhu and Kyle Davies are accused of causing 3AC to take on significant leverage during the period from May to June 2022, after 3AC had already suffered massive losses on Luna tokens and other investments. The liquidators believe that the company is insolvent, and they are now taking action against Su Zhu and Kyle Davies in the British Virgin Islands court to recover these losses for the company's creditors.The attorneys for Zhu Su and Kyle Davies did not respond to requests for comment. (Source link)