According to ChainCatcher, the decentralized autonomous organization HectorDAO filed for Chapter 15 bankruptcy protection in the United States. The main reasons for its bankruptcy include the collapse of the Terra ecosystem in 2022, the collapse of the Multichain protocol, and the hacking of the Hector vault. Interpath Advisory was appointed by the court to investigate whether former managers carried out internal attacks. Chapter 15 bankruptcy allows foreign entities with international investors to file for bankruptcy in the US judicial system.
