The SECGov and CFTC are reportedly probing bankrupt crypto hedge fund Three Arrows Capital over what it told investors about its balance sheet and its failure to register with the two agencies. By NelWang
The Singapore-based Three Arrows filed for bankruptcy in July, saying its business had “collapsed in the wake of extreme fluctuations in cryptocurrency markets.” In particular, the hedge fund suffered huge losses stemming from the collapse of the terraUSD algorithmic stablecoin in May. At the end of June, the Monetary Authority of Singapore The CFTC didn’t immediately respond to a request for a comment on the report.
With Three Arrows’ co-founders Su Zhu and Kyle Davies’ location unknown and the liquidators in the bankruptcy case and their attorneys unable to track them down, to be able to serve the two subpoenas via their email addresses, Twitter accounts and the email addresses of their attorneys.
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