Three Arrows Capital Files for Chapter 15 Bankruptcy in the US

The embattled cryptocurrency hedge fund, Three Arrows Capital (3AC) has filed for Chapter 15 bankruptcy in the United States of America as it looks to preserve its assets in the country.

According to the filing lodged with the U.S. Bankruptcy Court for the Southern District of New York (Manhattan), creditors will not be able to seize the firm’s assets in the US with this move.
A court in the British Virgin Islands ordered the liquidation of Three Arrows Capital last week as the company was unable to meet its obligation to creditors such as BlockFi, and Voyager Capital.
The …

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