*Here are a few reworded versions:*

*Version 1: News style*

*LUNC*

*A U.S. bankruptcy court has greenlit a deal between TerraForm Labs and the collapsed hedge fund Three Arrows Capital (3AC) regarding a $1.3B claim tied to the 2022 Terra/LUNA crash.*

*Three Arrows Capital, a Singapore-based crypto hedge fund launched by Su Zhu and Kyle Davies, entered liquidation in June 2022 after suffering multi-billion dollar losses, much of it linked to the Terra/LUNA implosion.*

*Judge Brendan L. Shannon in Delaware issued a ruling on how 3AC’s claim will be processed in TerraForm Labs’ bankruptcy proceedings.*

*The court determined that 3AC’s losses will be classified as a Crypto Loss Claim — a distinct category for investors who lost digital assets in the Terra ecosystem — rather than as standard unsecured debt.*

*Version 2: Simplified*

*LUNC*

*A U.S. bankruptcy judge approved a settlement between TerraForm Labs and defunct hedge fund Three Arrows Capital (3AC) over a $1.3 billion claim from the 2022 Terra/LUNA collapse.*

*3AC, a Singapore crypto fund founded by Su Zhu and Kyle Davies, was liquidated in June 2022 after losing billions, largely due to the Terra/LUNA meltdown.*

*Delaware Judge Brendan L. Shannon decided how 3AC’s claim will be treated in TerraForm Labs’ bankruptcy case.*

*The ruling says 3AC’s losses count as a Crypto Loss Claim, a special class for people who lost crypto in the Terra ecosystem, instead of regular unsecured debt.*

*Version 3: Formal legal tone*

*LUNC*

*A United States bankruptcy court has sanctioned a resolution between TerraForm Labs and failed hedge fund Three Arrows Capital (3AC) concerning a $1.3B claim connected to the 2022 Terra/LUNA cryptocurrency failure.*

*Three Arrows Capital, a Singapore-domiciled digital asset hedge fund established by Su Zhu and Kyle Davies, commenced liquidation proceedings in June 2022 following losses in the billions, substantially attributable to the Terra/LUNA collapse.*

*Judge Brendan L. Shannon of the District of Delaware adjudicated the treatment of 3AC’s claim within TerraForm Labs’ Chapter 11 case.*

*The Court held that 3AC’s losses shall be categorized as a Crypto Loss Claim — a designated classification for claimants who incurred losses of digital assets within the Terra ecosystem — as opposed to general unsecured claims.*

*Version 4: Punchy social post*

*LUNC*

*US bankruptcy court just approved the TerraForm Labs vs Three Arrows Capital (3AC) settlement over a $1.3B claim from the 2022 Terra/LUNA crash.*

*3AC, the Singapore crypto fund run by Su Zhu + Kyle Davies, blew up in June 2022 and lost billions — a lot of it from Terra/LUNA.*

*Judge Brendan L. Shannon in Delaware ruled on how 3AC’s claim gets handled in the TerraForm Labs bankruptcy.*

*Court says 3AC’s losses = Crypto Loss Claim, a special bucket for Terra ecosystem asset losses, not just normal unsecured debt.*

Want one that’s shorter for X or one that adds more context about what a Crypto Loss Claim means?