CRYPTO NEWS: THREE ARROWS CAPITAL IS BANKRUPT.

THREE ARROWS CAPITAL IS BANKRUPT. THE SEC AND CFTC ARE INQUIRING ABOUT IT. THE ACTIVITIES OF THE BANKRUPT SINGAPOREAN HEDGE FUND THREE ARROWS CAPITAL (3AC), WHICH IS ACCUSED OF BREAKING RULES GOVERNING THE CONDUCT OF INVESTORS, ARE THE SUBJECT OF INQUIRIES BY AMERICAN REGULATORS. 

THE COMMODITY FUTURES TRADING COMMISSION (CFTC) AND THE US SECURITIES AND EXCHANGE COMMISSION (SEC) ARE ATTEMPTING TO DETERMINE THE CAUSES AND ACCOUNTABLE PARTIES BEHIND THIS COMPANY’S DEMISE.

OVERVIEW OF THREE ARROWS CAPITAL IS BANKRUPT:

THREE ARROWS CAPITAL IS BANKRUPT
THREE ARROWS CAPITAL IS BANKRUPT

THE TWO US AGENCIES ARE CURRENTLY INVESTIGATING IF THREE ARROWS CAPITAL VIOLATED ANY LAWS BY MISREPRESENTING TO INVESTORS THE DETAILS OF ITS BALANCE SHEET AND BY NEGLECTING TO REGISTER WITH AUTHORITIES.

THERE HAS NOT YET BEEN ANY PUBLIC CONFIRMATION OF ITS INQUIRIES INTO THE HEDGE FUND AND ITS FINANCIAL ISSUES. THE REPRIMAND RELATES TO TRANSGRESSIONS COMMITTED BY TAC BEFORE NOTIFYING MAS IN APRIL 2022.

MAS HAS BEEN EXAMINING THESE OFFENCES SINCE JUNE 2021, CONFORMING TO A REPORT AS FROM SINGAPOREAN AUTHORITIES. THE STATEMENT READS, “MAS IS INVESTIGATING IF THERE WERE FURTHER BREACHES OF MAS’ REGULATIONS BY TAC IN LIGHT OF NEW DEVELOPMENTS THAT EXPRESSES CONCERN ABOUT THE EFFECTIVENESS OF THE FUND CONTROLLED BY TAC.

RELATED ISSUES FOLLOWING TERRA’S DEMISE:

SINCE TERRA’S DEMISE IN MAY, THREE ARROWS CAPITAL HAD NEVER EXPERIENCED FINANCIAL ISSUES. ON JUNE 27, THE COMPANY PAID BACK THE DEBT TO VOYAGER DIGITAL, AND ON JUNE 29, IT WAS MANDATED TO LIQUIDATE THE COMPANY’S ASSETS.

A SHORT WHILE AFTERWARDS, THE BUSINESS FILED FOR BANKRUPTCY. THE SITUATION BECAME MUCH MORE CONTENTIOUS SHORTLY AFTER THE FOUNDERS OF THREE ARROWS CAPITAL QUIT THEIR JOBS AND LEFT THEIR SINGAPORE OFFICES. SINGAPOREAN OFFICIALS ARE LOOKING INTO THE CORPORATION BECAUSE THEY BELIEVE IT GAVE THE COMPANY’S MONETARY AUTHORITY MISLEADING INFORMATION AND HAD MORE ASSETS UNDER CONTROL THAN THE $250 MILLION LIMIT.

AS PART OF THE LIQUIDATION PROCESS, 3AC ALSO OBLIGED WITH ORDERS, AND THE SINGAPORE HIGH COURT AUTHORISED RECEIVER TENEO TO LOOK INTO THE BUSINESS. SU ZHU AND KYLE DAVIES, CO-FOUNDERS OF THREE ARROWS, ARE CURRENTLY UNTRACEABLE, AND THE BANKRUPTCY LIQUIDATORS AND THEIR ATTORNEYS HAVE LATELY SOUGHT THE COURT TO SERVE THEM WITH TWO SUBPOENAS USING THEIR EMAIL ADDRESSES, TWITTER ACCOUNTS, AND LAWYER EMAIL ADDRESSES. AT THIS TIME, IT IS UNCLEAR HOW THIS LATEST REVELATION MAY IMPACT THE CASE AS A WHOLE.

FOLLOW US ON:

HARI INFO SECTION H.D.C.

FACEBOOK YOUTUBE

HARI DENTAL CARE

HARI WEB STORIES H-SHOPEE

HARI ENTERPRISES

CRYPTO NEWS: THE DISPUTE BETWEEN NEAR AND MARKET BULLS DEMONSTRATES THAT THE PROTOCOL MIGHT HAVE ITS OWN MIND.


CRYPTO NEWS: MASTERCARD PLANS TO HELP GLOBAL BANKS IN CRYPTO TRADING.


CRYPTO NEWS: DAPPRADAR REPORTS THAT IN OCTOBER, DEFI ACTIVE WALLETS EXCEEDED 500K.


CRYPTO NEWS: NTT IS INVESTING 4 BILLION USD IN WEB3.
CRYPTO NEWS: THREE ARROWS CAPITAL IS BANKRUPT.

Leave a Reply

Scroll to top
error: Content is protected !!