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Tag: Zhu Su

After Three Arrows Capital debacle, Singapore Considers Restrictions For Crypto Market.

Compliance tamir -
Most recently, Singapore has been at the center of the crypto winter. The collapsed crypto hedge fund Three Arrows Capital (3AC) has its headquarters in Singapore, where co-founder Zhu Su is also based. The crash in crypto prices has led to 3AC filing for Chapter 15 bankruptcy in the United States while a court on British Virgin Island ordered its liquidation. The Singapore MAS reprimanded 3AC for providing false information. Now, regulations for crypto companies on the island nation are to be tightened.

Collapsed Crypto Hedgefund Three Arrow Capital Applies for Chapter 15 Bankruptcy

Crypto-Trading Ben -
FinTelegram reported that a British Virgin Islands court ordered the liquidation of the crypto hedge fund Three Arrows Capital Ltd (3AC) earlier this week. The fund, founded by former Credit Suisse traders Zhu Su and Kyle Davies, managed an estimated $10 billion of assets as recently as March, according to blockchain analytics firm Nansen. While Bloomberg reported that 3AC filed for Chapter 15 bankruptcy to protect its U.S. assets, rumors suggest that liquidators are going for the Singapore assets of 3AC and its founder.

Crypto Debacle – Court Orders Liquidation Of Crypto Hedge Fund Three Arrows Capital!

Crypto-Trading Mark Lagarde -
A British Virgin Islands court ordered the liquidation of Three Arrows Capital Ltd (3AC). after creditors sued the crypto hedge fund for failure to repay debts, WSJ reports. Three Arrows Capital suffered losses in recent weeks due to collapsing crypto prices. Bitcoin’s dollar value has fallen by more than a third this month. Former Wall Street traders Zhu Su and Kyle Davies started the crypto hedge fund nearly a decade ago. It had roughly $3 billion in assets under management in April, just before crypto markets cratered.

Twitter Battle! Ethereum Founder Vitalik Buterin Bashes Crypto Hedge Fund Manager For $50M Superyacht!

Luxury Toys Ben -
Twitter continues to be the battleground of tech apostles like Elon Musk, Michael Saylor, or crypto pundit Vitalik Buterin. The latest battle aroused around Zhu Su (@zushu), CEO of struggling crypto hedge fund Three Arrows Capital (3AC), who allegedly purchased a superyacht for $50 million. The rumor was brought by @AutismCapital and @FatManTerra and later commented by Ethereum founder and mastermind Vitalik Buterin (@VitalikButerin). The depressed crypto environment only makes envy and ill will run high on Twitter as well.

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