Report: Embattled Crypto Hedge Fund Three Arrows Capital Files for Chapter 15 Bankruptcy
The troubled crypto hedge fund Three Arrows Capital Ltd., otherwise known as 3AC, has filed for bankruptcy according to recent court filings. The court papers show 3AC is aiming for an ancillary Chapter 15 proceeding so liquidators and creditors cannot seize the firm’s U.S. assets. 3AC Files for Bankruptcy — ‘Tremors’ From the Crypto Market Fall ‘Continue to Reverberate,’ Says JPMorgan Analyst was reprimanded by the Monetary Authority of Singapore and faced liquidation from a court order stemming from the British Virgin Islands , 3AC has reportedly filed for bankruptcy.that summarized the situation. Hill says that 3AC has filed for a Chapter 15 bankruptcy, which allows proceedings to occur and protect insolvent firms in more than one country.
“Representatives for Three Arrows filed the bankruptcy petition in New York on Friday, court papers show,” Hill explained on Friday. The law firm3AC’s bankruptcy case was filed in the Southern District of New York in Manhattan. 3AC’s main headquarters are located in Singapore but the co-founder Su Zhu said last April it planned to move to Dubai.
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Three Arrows Capital Files for Bankruptcy in New York Tied to British Virgin Islands ProceedingNEW: Three Arrows Capital has filed for Chapter 15 bankruptcy in New York, a move likely tied to the court-ordered liquidation of its British Virgin Islands assets. nikhileshde reports nikhileshde zhusu i used to like your profile pic, up only nikhileshde the one things all these guys have on common is they don't know when to slow down once fortunes are made. its no diff than a gambler that just won 100k his first night in Vegas. by the end of the trip they give it back and more. these guys kept chasing higher yields with mo risk. nikhileshde
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Three Arrows Capital files for Chapter 15 bankruptcy in New YorkCrypto hedge fund Three Arrows Capital has filed for Chapter 15 bankruptcy in New York. Next Bybit_Official HuobiGlobal The pandas wanted to die before it got to this, and we wouldn’t let them
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Deribit initiated Three Arrows Capital's liquidation application in BVI courtDeribit initiated 3AC's liquidation application in a court in the BVI. The exchange operator was joined by a couple of other parties. Yogita_Khatri5 Chen Kaili Kelly
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