Three Arrows Capital, a crypto hedge fund, filed for Chapter 15 bankruptcy in the Southern District of New York late Friday after weeks of speculation that it was functionally insolvent.
Chapter 15 filings are generally tied to foreign proceedings. A court in the British Virgin Islands previously ordered Three Arrows' local branch to enter into liquidation, indicating that Friday's filing is likely tied to this. U.S.-based firm Teneo Restructuring has been tapped to
The firm borrowed large amounts of funds from several crypto lenders, including BlockFi, Celsius, Babel Finance and Voyager Digital, but was unable to pay. The lenders halted withdrawals or needed credit lines extended to weather the storm. Chapter11dockets.com first announced the bankruptcy, and Bloomberg reported it was a Chapter 15 filing.
According to Bloomberg, the Chapter 15 filing will let the firm protect its U.S. assets even as its BVI assets are liquidated.
Three Arrows Capital could not immediately be reached for contact.
免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。
暂时没有评论，赶紧抢沙发吧！