Singapore’s markets regulator has reprimanded Three Arrows Capital for filing false information, dealing a further blow to the crypto hedge fund being liquidated over its failed bets.
The Monetary Authority of Singapore said on Thursday that Three Arrows had breached its allowed threshold for S$250mn assets under management. It also said the fund manager had failed to notify it of changes to directorships or shareholdings.
MAS’s public rebuke is a rare step and compounds the problems at Three Arrows, one of the largest investors in the crypto market.
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