3AC Sues Sam Bankman-Fried Over $1.5 Billion FTX Liquidation Dispute

3AC is embroiled in a legal battle with FTX over alleged unauthorized liquidation of assets, seeking to recover at least $1.5 billion. The dispute centers around claims that FTX CEO Sam Bankman-Fried and former executives participated in the liquidation of 3AC’s positions without authorization, contributing to the hedge fund’s collapse. This follows renewed efforts by 3AC’s liquidators to gain clarity on FTX’s role in the events leading to the firm’s demise.