Overview

• Three Arrows Capital filed notices to subpoena Sam Bankman-Fried, Caroline Ellison, and Ryan Salame, with Bankman-Fried’s deposition scheduled for October 14, 2025.
• Bankman-Fried is incarcerated in California and would need transport to testify if the subpoena is approved, according to the filing.
• FTX’s bankruptcy estate disputes 3AC’s valuation, saying the account netted about $284 million after margin debt and that only $82 million was liquidated under contract terms.
• 3AC co-founder Zhu Su alleges improper liquidation and claims Salame used insider information to trade against clients and pocket roughly $1 billion, allegations that remain contested.
• Creditor repayments by the FTX estate continue, with another distribution planned on or around September 30, 2025, and about $6.2 billion returned so far.