• News
    • Bitcoin
    • Altcoins
    • Regulation
    • Blockchain
    • Scam
  • DeFi Zone
  • NFT
  • Metaverse
  • Analysis
  • Learn
  • Videos
  • Market Cap
Facebook Twitter Instagram
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
Facebook Twitter Instagram
Crypto World VisionCrypto World Vision
  • News
    • Bitcoin
    • Altcoins
    • Regulation
    • Blockchain
    • Scam
  • DeFi Zone
  • NFT
  • Metaverse
  • Analysis
  • Learn
  • Videos
  • Market Cap
Crypto World VisionCrypto World Vision
Home»Regulation»Embattled Crypto Hedge Fund Three Arrows Capital Facing Probe Over Potential Regulatory Violations: Report
Regulation

Embattled Crypto Hedge Fund Three Arrows Capital Facing Probe Over Potential Regulatory Violations: Report

2022-10-18No Comments2 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Embattled Crypto Hedge Fund Three Arrows Capital Facing Probe Over Potential Regulatory Violations: Report
Share
Facebook Twitter LinkedIn Pinterest Email

The now-defunct crypto hedge fund Three Arrows Capital (3AC) is reportedly persevering with to face authorized scrutiny from US regulators months after it filed for chapter in July.

Citing folks conversant in the matter, Bloomberg reviews that the U.S. Securities and Alternate Fee (SEC) and the Commodity Futures Buying and selling Fee (CFTC) are wanting into the chance that 3AC dedicated violations for failing to register with the companies and deceptive traders concerning the state of its funds.

The report says that the investigation might result in financial fines and different penalties for the agency and particular people. The probe comes because the whereabouts of 3AC’s founders Su Zhu and Kyle Davies stay unknown.

3AC filed for chapter after being hammered by a downturn in crypto markets which was exacerbated by the collapse of Terra (LUNA). Crypto lenders like Voyager Digital additionally went below after the Singapore-based agency defaulted on its loans.

Because the troubled agency undergoes chapter proceedings, court-appointed liquidators moved over 300 Starry Evening Capital non-fungible tokens (NFTs) from 3AC’s wallets earlier this month.

Previous to the switch, Teneo, the liquidation firm, alleged that Zhu and Davies didn’t give an correct image of the corporate’s property. On the identical time, Zhu stated that liquidators gave a deceptive illustration of 3AC’s operations, timelines and relationships to Singapore’s courtroom.

Do not Miss a Beat – Subscribe to get crypto electronic mail alerts delivered on to your inbox

Verify Worth Motion

Observe us on Twitter, Fb and Telegram

Surf The Day by day Hodl Combine

 

See also  Crypto’s ‘Summer of Apathy’ Could Turn to ‘Winter of Discontent’, Says Meltem Demirors – Here’s What She Means



Source link

Arrows capital Crypto Embattled Facing Fund Hedge potential probe Regulatory report Violations
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

India’s dalliance with crypto ends in a win-win situation

2023-09-24

Bank Refuses To Reimburse $32,000 Stolen From Grandma With Terminal Illness in Text Message Scam: Report

2023-09-23

Hacker Breaches Nansen’s Third-Party Vendor, Exposes Some of the Crypto Data Firm’s Customer Details

2023-09-23

Can Bitcoin’s spot ETF approval trigger a $300 billion crypto influx?

2023-09-23
Add A Comment

Leave A Reply Cancel Reply

Top Posts

Matter Labs releases first phase of zkSync 2.0 mainnet called ‘baby alpha’

2022-10-28

Former FTX exec will plead guilty to federal charges with a deal: Report

2023-02-20

Benjamin Cowen Issues Alert, Says 2023 Bitcoin Top Likely Already In As Potential Recession Looms

2023-06-06

Subscribe to Updates

Get the latest news and Update from Crypto World Division about Crypto, Metaverse, NFT and more.

Editors Picks

Bitcoin Price Stuck In Key Range, Why The Bulls Remain In Action

2022-12-12

Mango Markets exploiter said actions were ‘legal,’ but was it?

2022-10-18

Yuga Labs CEO Daniel Alegre buys a Bored Ape NFT for $90,000

2023-05-11

Ripple Breaks New Ground With Regulatory Approval in Singapore

2023-06-22

Crypto World Vision
Facebook Twitter Instagram
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
© 2023 Cryptoworldvision.com - All rights reserved.

Type above and press Enter to search. Press Esc to cancel.

  • bitcoinBitcoin(BTC)$23,418.000.75%
  • ethereumEthereum(ETH)$1,640.732.33%
  • USDEXUSDEX(USDEX)$1.07-0.53%
  • tetherTether(USDT)$1.00-0.10%
  • binancecoinBNB(BNB)$305.200.68%
  • usd-coinUSD Coin(USDC)$1.00-0.02%
  • rippleXRP(XRP)$0.374110-0.89%
  • okbOKB(OKB)$52.010.03%
  • cardanoCardano(ADA)$0.363892-0.29%
  • matic-networkPolygon(MATIC)$1.25-2.49%