Singapore reprimands 3AC for providing false information

6/30/2022 2:40:00 PM

MAS said 3AC exceeded the threshold set for assets under management and gave misleading information.

The Monetary Authority of Singapore has reprimanded Three Arrows Capital for providing inaccurate information and exceeding the asset management limits allowed for a registered fund management organization.

MAS said 3AC exceeded the threshold set for assets under management and gave misleading information.

NewsThe Monetary Authority of Singapore (MAS) has reprimanded Three Arrows Capital (3AC), a battled hedge fund, for providing inaccurate information to the authorities. In astatementpublished Thursday, the MAS said that the firm violated capital requirements by having assets under management in excess of the permitted amount.

When 3AC was registered as a fund management company in Singapore in 2013, it was allowed to manage funds for up to 30 investors worth up to $180 million. The fund had previously informed MAS that it was changing its management to the British Virgin Islands.

Read more: Cointelegraph »

One Year

The people and struggles that changed America—one year at a time. In each episode, host Josh Levin explores a story you may have forgotten, or one you’ve never heard of before. What were the moments that transformed politics, culture, science, religion, and more? And how does the nation’s past shape Read more >>

Singapore authorities reprimand Three Arrows Capital for providing false informationSingapore's regulatory authority has reprimanded troubled crypto hedge fund Three Arrows Capital for providing false information. Reprimand. What a fearful sanction. Where am I and where is he . Is the question DefiDisputes

Singapore Central Bank Reprimands Three Arrows Capital for Providing False InformationCORRECTION: Three Arrows Capital provided misleading information and exceeded its designated threshold for assets under management, Singapore's regulator said. By egreechee

Crisis pregnancy centers in Texas gave medical misinformation to NBC News producersEXCLUSIVE: When NBC News producers visited crisis pregnancy centers in Texas, counselors misinformed them saying abortions caused mental illness and implied links to cancer and infertility. Was Antifa sent in directly afterwards to burn the place to the ground? Look at one of those pro abortion protests and tell me with a straight face that they aren’t chock full of the mentally ill

Report: A British Virgin Islands Court Order Liquidates Crypto Firm Three Arrows Capital – Bitcoin NewsReports claim troubled crypto hedge fund Three Arrows Capital (3AC) has been formally liquidated by a British Virgin Islands (BVI) court. Given this news, it looks like Bitcoin has been holding there pretty well. If it were a few weeks ago, the bitcoin price would have dropped at least 10%. Not bad at all.

Bloomberg - Are you a robot?Centralization 🫥 OnTheBull bearish u know u know 🎭 X=unkown

Watch: No answers months after Dothan officer involved shootingAlong a busy Dothan roadway a police officer shot a driver but months later we know nothing about the investigation.

0:00 News The Monetary Authority of Singapore (MAS) has reprimanded Three Arrows Capital (3AC), a battled hedge fund, for providing inaccurate information to the authorities.Quick Take Singapore’s regulatory authority has reprimanded troubled crypto hedge fund Three Arrows Capital for providing false information.on Twitter Singapore's central bank, the Monetary Authority of Singapore (MAS), reprimanded embattled hedge fund Three Arrows Capital for providing false information.Roe’s reversal , that ratio will grow.

In a statement published Thursday, the MAS said that the firm violated capital requirements by having assets under management in excess of the permitted amount. When 3AC was registered as a fund management company in Singapore in 2013, it was allowed to manage funds for up to 30 investors worth up to $180 million. The Monetary Authority of Singapore (MAS) today reprimanded embattled crypto hedge fund Three Arrows Capital, known as 3AC, for providing false information and exceeding the assets under management threshold permitted by the regulatory authority. The fund had previously informed MAS that it was changing its management to the British Virgin Islands. The fund had notified MAS that it had changed its management ot a British Virign Islands The fund, founded in Singapore in 2012, has seen heavy losses during a market rout that has had bitcoin (BTC) hovering around $20,000 in recent weeks, compared to peaks of $60,000 earlier this year. Three Arrows Capital, a hedge fund established in Singapore in 2012, has seen huge losses during a market decline that has seen Bitcoin (BTC) hover around $20,000 in recent weeks, compared to previous highs of over $60,000. However, according to a release, the authority says the company breached its AUM threshold between July 2020 and September 2020 and between November 2020 and August 2021. According to reports earlier this month, Three Arrows Capital was potentially insolvent after having at least $400 million in liquidations. The producers did not tell the CPCs they were with NBC News.

The business has reportedly . Zhu is also the director of 3AC. 3AC did not respond to request for comment at press time.