Three Arrows Capital files for Chapter 15 bankruptcy in New York
Crypto hedge fund Three Arrows Capital has filed for Chapter 15 bankruptcy in a New York court, according to Bloomberg.
The Friday development amid escalating financial problems for the crypto hedge fund. In recent days, a court in the British Virgin Islands appointed advisory firm Teneo to handle liquidation. Financial regulators issued a stern rebuke of the firm on Thursday.
Chapter 15 bankruptcy is meant for insolvency proceedings that involve more than one country. Court documents were not immediately available as of press time.
This story is developing and will be updated as new information becomes available.
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Author: Michael McSweeney
