3AC Files for Bankruptcy

Less than a week after being ordered into liquidation by a British Virgin Islands court,

crypto hedge fund Three Arrows Capital (3AC) filed for Chapter 15 bankruptcy on Friday.

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representatives from law firm Latham & Watkins filed the petition in a New York court,

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the debtor’s business has collapsed in the wake of extreme fluctuations in cryptocurrency markets,” representatives wrote

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They added that they aren’t aware of the current location of 3AC’s co-founders, Zhu Su and Kyle Davies.

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foreign representatives understand and believe that while the debtor has had certain operations in Singapore,

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Mr. Davies and Mr. Zhu’s current location remains unknown. They are rumored to have left Singapore.”

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when he appeared to address rumors of insolvency — while Davies has provided no word on the matter himself

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