Golden Finance reported that the decentralized autonomous organization HectorDAO filed for Chapter 15 bankruptcy protection in the United States due to the collapse of the Terra ecosystem and multiple market crashes in 2022 and the loss of funds caused by hacker attacks. According to the documents, HectorDAO suffered a loss of $16.4 million and suffered a $2.7 million hacker attack in 2023. This move led to Interpath Advisory being appointed as an expert in bankruptcy management and restructuring to investigate the possibility of hacker attacks carried out internally by former managers. The Chapter 15 bankruptcy filing allows HectorDAO to handle legal affairs involving its international investors in the U.S. court system.