Singapore Central Bank Reprimands Crypto Hedge Fund Three Arrows, Says It Has Rules

Singapore’s top financial regulator has rebuked crypto hedge fund Three Arrows Capital, saying it provided misinformation to officials and managed more assets than allowed.

The company, which was recently ordered to be liquidated by a court in the British Virgin Islands, had previously provided false or misleading information to regulators when it transferred management of its funds in September 2018. 2021 for an organization located in an offshore tax haven, the Monetary Authority of Singapore said on Thursday. In doing so, Three Arrows does not disclose that one of the founders is a common shareholder of both organizations.

https://www.wsj.com/articles/singapore-central-bank-reprimands-crypto-hedge-fund-three-arrows-saying-it-flouted-rules-11656598487?mod=rss_markets_main Singapore Central Bank Reprimands Crypto Hedge Fund Three Arrows, Says It Has Rules

Luke Plunkett

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