Singapore's Central Bank Imposes 9-Year Ban on 3AC Founders
The Monetary Authority of Singapore has sanctioned a nine-year prohibition on financial activities for Kyle Davies and Zhu Su, co-founders of the crypto hedge fund Three Arrows Capital (3AC).
This decision bars them from engaging in any regulated activities in Singapore, including managing or investing in capital market companies.
The ban follows the bank's investigation into 3AC and its founders, uncovering violations such as misleading information and a lack of a proper risk management system.
The ban follows the bank's investigation into 3AC and its founders, uncovering violations such as misleading information and a lack of a proper risk management system.
