The cold winds of crypto winter keep blowing.
The contagion began with Luna, acryptocurrency that collapsed in May after its associated TerraUSD stablecoin depegged.
Singapore-based Three Arrows Capitalis one such firm.
Three Arrows Capital managed a fund estimated to be worth $10 billion back in March,reported Fortune.
Three Arrows Capital was contacted for comment but did not immediately respond.
Chapter 11 bankruptcy procedures allow companies to plan restructures and turnaround strategies while protecting them from civil litigation.
“This is not a ‘free-fall’ filing without direction,” the filing reads.
Voyager Digital’s bankruptcy filing comes days after it suspended withdrawals and trading on its platform last Friday.
