3AC’s liquidators allege that two weeks before the collapse of FTX’s hedge fund, 3AC liquidated and seized assets on the platform to settle a $1.33 billion debt.

According to Bloomberg’s report, 3AC’s liquidators state that FTX’s liquidation transactions were “avoidable and unfair.” 3AC argues that these transactions harm the fund’s creditors.

The liquidators demand that these transactions be declared invalid, claiming that FTX carried out these liquidations below market value and violated both trust and contract.

3AC also stated that FTX delayed providing the necessary information, so they had to analyze the raw data themselves to calculate their losses. 3AC announced that they were only able to confirm the liquidated amount in August.

FTX, on the other hand, claimed that 3AC’s asset liquidation was initiated by an unidentified person affiliated with 3AC. However, FTX stated that it could not yet identify this person. The hearing on the issue will be held on November 20, and 3AC’s request to revise its request will be evaluated by the court.

Besides FTX, 3AC is also filing a lawsuit against another crypto company that went bankrupt, Terraform Labs. On August 9, 3AC’s liquidators filed a $1.3 billion claim in Terra’s ongoing lawsuit in the US Bankruptcy Court of Delaware.

3AC liquidators allege that Terra provided misleading information about the stability of the value of assets such as TerraUSD (UST) and LUNA. It is claimed that these misleading promotions led 3AC to make large investments in these tokens.

The liquidators are seeking compensation for losses resulting from the direct acquisitions of UST and LUNA.

FTX intensified its efforts to recover assets from its own bankruptcy in November. On November 8, FTX’s bankruptcy estate filed a $100 million lawsuit against SkyBridge Capital and its founder Anthony Scaramucci.

FTX aims to recover funds spent on former CEO Sam Bankman-Fried’s investment deals with Scaramucci and SkyBridge.

Additionally, on November 10, FTX filed a lawsuit against crypto exchange Binance and its former CEO Changpeng Zhao. FTX bankruptcy estate claims that Bankman-Fried’s $1.75 billion repurchase agreement with Binance contained fraud as FTX is in bankruptcy.

On November 11, FTX’s trading arm Alameda Research filed a lawsuit against Waves founder Aleksandr Ivanov. The company aims to recover approximately $90 million in crypto assets from Ivanov, according to court documents.

These lawsuits are considered part of FTX’s efforts to recover from bankruptcy and pay its creditors.