Newly released court documents have revealed that FTX secretly liquidated $1.53 billion in assets belonging to Three Arrows Capital (3AC) just two weeks before the hedge fund collapsed in 2022. This disclosure challenges the previous belief that 3AC's downfall was solely due to market conditions. Initially valued at over $10 billion, 3AC collapsed in mid-2022 following a series of leveraged trades that went awry. Despite borrowing from more than 20 large institutions before the May 2022 crypto crash, where Bitcoin (BTC) plummeted to $16,000, evidence has recently emerged showing that FTX liquidated $1.53 billion of 3AC's assets shortly before the hedge fund's collapse.