HectorDAO, a decentralized autonomous organization, has filed for Chapter 15 Bankruptcy in the United States following a series of market collapses and hacks that drained the community of funds.

According to the June 17 filing from Interpath Advisory, a court-appointed firm specializing in bankruptcy stewardship and reorganization, HectorDAO's current financial condition is mainly due to three factors. These include the collapse of the Terra Network in May 2022, the collapse of the Multichain protocol, and a hack impacting the Hector treasury.