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Founders of Failed Crypto Hedge Fund Three Arrows Hit With 9-12 months Ban
Singapore’s monetary regulator has slapped a prolonged ban on the 2 founders of Three Arrows Capital, a hedge fund whose collapse last year fueled a wider crisis in the crypto market.
Su Zhu and Kyle Davies, who ran the fund from Singapore, have been banned from conducting regulated exercise within the city-state for 9 years. They cannot take senior positions at capital markets corporations, or be main shareholders.
The 2 former schoolmates based the crypto hedge fund round a decade in the past, and claimed to have around $3 billion in belongings beneath administration final April. Just some months later, the agency went into liquidation.