📉 HectorDAO, a decentralized autonomous organization, has filed for Chapter 15 Bankruptcy in the US after a series of market crashes and hacks left it penniless. The DAO's woes began with the collapse of the Terra Network in 2022, costing a whopping $16.4 million loss. Despite this, the DAO soldiered on until a $2.7 million hack in 2024 led to accusations of inside jobs and gross negligence. The DAO members voted to liquidate and hand over control to a neutral party, Interpath Advisory. Chapter 15 Bankruptcy allows entities with international investors to settle matters in US courts. 💸