Hedge crypto fund Three Arrows Capital (3AC) has filed for bankruptcy in the US courts pending liquidation in the British Virgin Islands. The company seeks protection from creditors in US courts.
3AC In the process of liquidation in the Virgin Islands, protection against creditorsk for USA Bankruptcy Law He wants to take advantage of his 15th episode.
Chapter 15foreign liquidations in the US Bankruptcy Code, US financial interests U.S. courts with foreign courts where it conflicts with partnership It is a section created in 2005 to provide
According to experts, if 3AC can take advantage of this section, it will expand its US assets. may be possible to hold.
3AC in court in terms of income in the world second largest a law firm, Latham & Watkins will represent the law firm.
According to blockchain analytics firm Nansen, the former Credit Suisse traders Zhu Water and Kyle Davies By March 2022 approx. 10 billion dollars was managing an entity.
Bloomberg‘Fame 30 June According to the news dated Among companies that have applied to a court for winding up Besides 3AC Blockchain.com and Deribit is also included.