Crypto Firm Three Arrows Capital Officially Files For Chapter 15 Bankruptcy
And More ı By Rochdi Rais
0 Comments
Crypto hedge fund Three Arrows Capital (3AC) is seeking protection from creditors in the United States under Chapter 15 of the U.S. Bankruptcy Code, which allows foreign debtors to shield U.S. assets, according to a court filing on Friday.
Singapore-based 3AC is the latest casualty of the “crypto winter”. USA Herald reported last week that Three Arrows had fallen into liquidation, citing a person with knowledge of the matter.
Representatives for 3AC filed a petition in the U.S. Bankruptcy Court for the Southern District of New York on Friday, according to court documents. On Thursday, Singapore’s financial regulator accused the fund of exceeding its assets threshold and providing false information.
Non-U.S.-companies use Chapter 15 to block creditors who want to file lawsuits or tie up assets in the United States.
3AC, co-founded by Zhu Su and Kyle Davies, is one of the most prominent crypto hedge funds (which focus on investments in digital assets like cryptocurrencies) around and is known for its highly leveraged bets. Zhu has extremely bullish views on bitcoin.
But following the latest crypto bloodbath — which has eradicated billions of dollars off the market in recent weeks — has 3AC exposed a liquidity crisis at the firm.
Discussion
No comments yet. Be the first to join the discussion!
FOLLOW US
Recent Posts
From 3.8% to 3.6%: Why Next Year’s Social Security Raise…
No Rush To Deal: Iran Signals It Could Prolong the…
209 Triple-Doubles, Two Offers Declined: Russell Westbrook Walks Away on…
From First-Degree Charges to Lying in Wait: The New Indictment…
Seven Children, No Injuries: Inside the Domestic Tragedy at a…
$12.5 Billion, Under a Year: Bob Iger and Josh Kushner’s…
$1.3 Billion, Confirmed: Ninth Circuit Sets New Precedent in Antrix-Devas…
Don’t Miss It
Tetrad Enterprises Filed for Chapter 11 Bankruptcy In Puerto Rico
By – Rihem Akkouche80 Years, One First: Chick-fil-A Finally Puts Waffles on the Menu This Fall
By – Rihem AkkoucheThe First in Two Decades, the Last Until 2090: Europe’s Rare Total Solar Eclipse Arrives Wednesday
By – Rihem AkkoucheAvi Loeb’s Warp-Drive Orb Theory Risks Missing the Evidence Already in Plain Sight
By – Samuel LopezBeyoncé Hit with Massive Copyright Lawsuit Over Alleged Unauthorized ‘Alien Superstar’ Sample
By – Samuel LopezThe Tate Hearing Is Tomorrow. Here Is What the Law Actually Decides.
By – Rochdi RaisAI Hallucinations: Why Artificial Intelligence Can Sound Convincing While Getting the Facts Wrong
By – Jackie AllenNo, Earth Is Not Losing Gravity on August 12: Inside the “Project Anchor” Hoax — and the Real Sky Show NASA Actually Confirms
By – Samuel Lopez
Kelly Warner Law Firm Blames USA…
In what appears as a desperate attempt to defend multiple…
By – USA Herald
Aaron Kelly Law Firm Resorts To…
Attorney Aaron Kelly and his law partner Daniel Warner are…
By – Jeff Watterson
Arizona Bar Opens Investigation on Attorney…
USA Herald recently reported on a developing story involving Attorneys…
By – Paul O'Neal
California Supreme Court Rewrites Rules for…
INSIDE THIS REPORT Immediate Lawsuits Allowed: Insureds can now sue…
By – Samuel Lopez
K-Pop TikTok Influencer Mina Chan Dies…
By Samuel López | USA Herald SEOUL, SOUTH KOREA — The…
By – Samuel Lopez
From a Free Concert to a…
A lawsuit that started with threats of a $1 million…
By – Rihem Akkouche
Up to $4.5 Billion, Off the…
How do you protect your production line from the next…
By – Rihem Akkouche
Five Straight Drops, Then an 8%…
For five straight quarters, CoreWeave’s earnings reports had one thing…
By – Rihem Akkouche
75 Days, One Runway, and a…
If you’re flying out of Boston this fall, the question…
By – Rihem Akkouche
75 Days, One Runway, and a…
If you’re flying out of Boston this fall, the question…
By – Rihem Akkouche
Part 2. Archbald Faces Big Expansion…
In Archbald, Pennsylvania, a community of roughly 7,000 residents, the…
By – Jackie Allen
$2.9 Million and a Case in…
Nineteen years. Up to $2.9 million. And one case, set…
By – Rihem Akkouche
An Hour Under the Helmet: How…
An hour. That’s how long a Maumelle High School football…
By – Rihem Akkouche
$14.75 Million, 4 Million Documents, One…
Four million documents. Forty-nine depositions. Five separate lawsuits spanning four…
By – Rihem Akkouche
$15 Million to Settle, 67,000 Pages…
Almost 67,000 pages of documents. A vice chancellor who refused…
By – Rihem Akkouche
Part 1. Data Center Boom Backlash…
A Data Center boom driven by artificial intelligence is creating…
By – Jackie Allen
Tupac Shakur: Murder Trial Raises New…
LAS VEGAS — Tupac Shakur, the 25-year-old superstar was riding…
By – Jackie Allen
Terafab: Elon Musk’s Massive Texas Chip…
Elon Musk’s Terafab project is taking shape as an enormous…
By – Jackie Allen
WNBA Draws Political Firestorm as Transgender…
The WNBA has become the latest battleground in the increasingly…
By – Jackie Allen
Solar Eclipse 2026: Five Stages to…
The solar eclipse arriving Wednesday, Aug. 12, will transform daytime…
By – Jackie Allen
New UFO Files Reveal Strange Triangle…
A new batch of UFO files released last week by…
By – Jackie Allen
New UFO Files Reveal Strange Triangle…
A new batch of UFO files released last week by…
By – Jackie Allen
Joe Biden: Hunter Says the Prostate…
Former President Joe Biden is experiencing a worsening battle with…
By – Jackie Allen
Oklahoma Assaults Case Ends as Jesse…
The controversial Oklahoma Assaults case involving Jesse Mack Butler ended…
By – Jackie Allen
Net Worth of Barron Trump Surpasses…
Barron Trump, 20, has amassed an estimated net worth of…
By – Jackie Allen
Zendaya and Tom Holland Net Worth…
Zendaya and Tom Holland’s net worth continues to attract attention…
By – Jackie Allen
Giant Robot Abandoned at Pop Star’s…
The Giant Robot towering over the English countryside has become…
By – Jackie Allen
The Algorithmic Litigator: Algorithms Are Changing…
INSIDE THIS REPORT Elite litigation is increasingly becoming a data…
By – Samuel Lopez
9th Circuit Renders Ruling: Meta, Google,…
Inside This Report The 9th Circuit ruled Section 230 is…
By – Samuel Lopez
The Count Who Was Always in…
Jean-François de Clermont-Tonnerre, Owner of OceanRe International, while formally charged…
By – Rochdi Rais
$18.90 a Share, 48% Higher: Teledyne’s…
A stock jump of nearly 50% in a single day…
By – Rihem Akkouche
Words Matter: Why “Non-Human Intelligence” Obscures…
INSIDE THIS REPORT The term “Non-Human Intelligence” is legally vague…
By – Samuel Lopez
$1.32 Billion for a Molecule: Jazz…
There are roughly 2,500 people in the United States living…
By – Rihem Akkouche
Stormed the Border: Spain Says 25,000…
CEUTA, Spain (AP) — Spanish authorities say thousands of migrants…
By – Jackie Allen
Trump Ends Medicare Part D Subsidy,…
The Trump administration is ending a Medicare Part D subsidy…
By – Michallie Harrison
Taylor Farms Linked to Third Major…
Taco Bell became the public face of a massive Cyclospora…
By – Michallie Harrison
Beach Closures Expand Across Long Island…
Beach Closures were spread across parts of New York just…
By – Jackie Allen
The Hidden Science Behind Why Your…
For millions of people, the first conscious act of the…
By – Tyler Brooks
The High Cost of the Infinite…
A significant legal chapter is closing for one of the…
By – Tyler Brooks
FIFA World Cup Stake Sale Sparks…
The proposed FIFA World Cup stake sale has triggered a…
By – Michallie Harrison
5 of the Best Free-to-Read Online…
Online Comic Books have changed the way readers discover superheroes,…
By – Jackie Allen
Human Trafficking Operation Nets 15 Arrests,…
SHELBY COUNTY, Ala. — A human trafficking operation in north…
By – Jackie Allen
Adrien Broner Hit With Sexual Battery…
INSIDE THIS REPORT Havana Saint accuses Adrien Broner of sexual…
By – Samuel Lopez
Why the Hungarian Grand Prix Never…
The lights go out and twenty-two Formula 1 cars explode…
By – Theresa Jardim
Professional Boxer Killed in Texas Bicycle…
Hannah Rapp, a rising professional boxer who recently challenged for…
By – Jackie AllenNo posts found.
No posts found.
Join the Discussion
Share your thoughts, ask questions, and engage with
other readers. Sign in or create a free account to
comment.