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.

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

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

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

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

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

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