Crypto hedge fund Three Arrows files for bankruptcy

Illustration by Alex Castro / The Verge Cryptocurrency hedge fund Three Arrows Capital (3AC) filed for Chapter 15 bankruptcy in a bid to protect its US assets from creditors in the country, as reported earlier by Bloomberg and CNBC. Representatives for the Singapore-based company made the filing in a Southern District New York court on Friday, which legally protects the US assets of insolvent foreign debtors from creditors in the US. Founded in 2012 by Kyle Davis and Su Zhu, 3AC managed about $1...