Troubled cryptocurrency hedge fund Three Arrows Capital (3AC) has been reprimanded by the Monetary Authority of Singapore (MAS) for providing false information and exceeding a limit on assets under management (AUM) for a registered fund management company, according to a report by The Business Times of Singapore.
Troubled cryptocurrency hedge fund Three Arrows Capital (3AC) has been reprimanded by the Monetary Authority of Singapore (MAS) for providing false information and exceeding a limit on assets under management (AUM) for a registered fund management company, according to a report by The Business Times of Singapore.
MAS is reported as saying that 3AC, which this week was reportedly issued with a liquidation order by a court in the British Virgin Islands after failing to make payments on loans, provided information that was false or misleading and failed to notify the regulator of changes to directorships and shareholdings.
3AC has been under investigation by MAS sine June 2021.
