Singapore's Monetary Authority (MAS) has imposed a nine-year ban on Zhu Su and Kyle Davies, the founders of the now-defunct crypto hedge fund Three Arrows Capital (3AC), for their alleged breaches of the country's securities laws. The MAS announced this decision in a statement published on September 14, 2023. This ...
Despite the liquidator's objections, a Singaporean court has ruled that the legal proceedings concerning the $140 million dispute between Teneo Capital, Three Arrows Capital (3AC)'s liquidators, and DeFiance Capital must take place within the country. These contested funds are currently managed by DeFiance Capital, an independently managed investment fund that ...
Dubai's Virtual Assets Regulatory Authority (VARA) has issued a written notice to the co-founders of Three Arrow Capital, Su Zhu, and Kyle Davies, for operating and promoting a digital-asset exchange, OPNX, without the necessary local license. According to Bloomberg, VARA is currently investigating the activities of OPNX and has stated ...
Kyle Davies, the co-founder of the now-bankrupt cryptocurrency hedge fund, Three Arrows Capital (3AC), has been ordered to respond to a subpoena he was served in January or risk being held in contempt of court. The subpoena required Davies to provide documents, including private keys and seed phrases, as well ...
