Mercredi, il a été rapporté que le fonds spéculatif crypto Three Arrows Capital (3CA) a été liquidée par un tribunal des îles Vierges britanniques et à la suite de la prétendue liquidation, l'Autorité monétaire de Singapour (MAIS) a réprimandé 3AC pour avoir induit les régulateurs en erreur. en outre, reports claim that liquidators in Singapore are attempting to seize the properties owned by 3AC co-founder Su Zhu and his wife.
Monetary Authority of Singapore Accuses 3AC of Misleading Regulators and Exceeding AUM limits
The troubled crypto hedge fund Three Arrows Capital Ltd., otherwise known as 3AC, seems to be facing issues from regulators in Singapore. Depuis 2012, 3AC was a well known crypto hedge fund that was started by two former Credit Suisse traders — Su Zhu et Kyle Davies. toutefois, after being quite successful, 3AC allegedly invested heavily into Terra’s LUNA after Zhu insisted that crypto companies “don’t want to be blown out during a supercycle.” It is assumed that one issue 3AC dealt with was an investment of $200 million locked luna classic (une façon) which is now worth less than $1K.
— Gabriel Haines.eth (@gabrielhaines) Juin 30, 2022
“There is speculation that the massive losses of [une façon] caused them to use more leverage to earn it back — Also known as ‘Revenge trading,’” one account expliqué en juin 16. Two weeks ago, The Block’s Frank Chaparro cited sources that mentionné the crypto hedge fund 3AC was liquidated for $400 million. Reports published the same week indicate that 3AC was liquidé by Bitmex, Deribit, Bitfinex, and possibly FTX as well. Sources noted two days ago, that a British Virgin Islands (BVI) court liquidated the hedge fund’s assets as well, but the sources did not disclose what type of assets were allegedly seized.
Following the ostensible BVI liquidation notice, l'Autorité monétaire de Singapour (MAIS) published a communiqué de presse that says 3AC misled regulators. “The Monetary Authority of Singapore today reprimanded Three Arrows Capital Pte. Ltd. (3CA) for providing false information to MAS and exceeding the assets under management (AUM) threshold allowed for a registered fund management company (RFMC),” the press release reveals. The MAS violation notice mentions that the regulator has been investigating 3AC’s contraventions “since June 2021.”
3AC is also accused of breaching the MAS assets under management (AUM) threshold. “[3CA] exceeded its allowable AUM of S$250 million for a RFMC between July 2020 and September 2020 and between November 2020 and August 2021,” the Singapore regulators detailed. “In light of recent developments which call into question the solvency of the fund managed by [3CA], MAS is assessing if there were further breaches by [3CA] of MAS’ regulations,” the MAS officials added.
Local Report Claims Liquidators Look to Seize Su Zhu’s Million-Dollar Bungalows
Le co-fondateur d'Axie Infinity déclare que le jeu Blockchain prévoit de lancer un échange décentralisé, a local report from Singapore say “rumors” have claimed that liquidators have been eyeing 3AC’s homes and property located in the country. The publication Edgeprop’s reporter Cecilia Chow detailed that records show from 2019 à 2021, Su Zhu purchased three bungalows in Singapore that cost him around $83.55 million.
The Singapore properties are allegedly in Zhu’s name and his wife’s name as well. In December, Zhu and his wife purchased a 31,863 sq ft home called the “Good Class Bungalow (GCB).” Chow’s report notes that the GCB property was put into a trust for one of Zhu’s daughters.
Chow further details that Zhu’s wife owns a $28.5 million bungalow in Singapore located near the Botanic Gardens at Dalvey Road. The property was acquired in September 2020 and the reporter notes that it is “currently under construction.” The Edgeprop report claims that 3AC and associates collectively own “five high-end properties.”
Chow further says that members of the 3AC team also own an entire fleet of “high-end cars and a yacht.” The well known Terra whistleblower named Homme gros has been sharing information about the alleged liquidators in Singapore. En outre, Homme gros réclamations that a source told him that Su Zhu is desperately looking to sell one of the million-dollar homes in Singapore.
“A verified source has confirmed that Su Zhu is urgently trying to sell his $35m house in Singapore, currently held in his [daughter’s] confiance,” Fatman tweeted. “He is requesting the funds to be transferred to a bank account in Dubai and has no intention of paying creditors with the proceeds from the sale.”
en outre, un post on social media shows how Zhu once claimed 100,000 ether was “dust” to him. "Aujourd'hui, he is selling 10 USDC, trying to pay off debt after his $20 [milliard] fund imploded. Markets always humble those too arrogant,” the individual who published the social media post explained. "Aujourd'hui, he is sending all the [leftover] balance from his wallets to CEX so that he can get as much money as possible. He just transferred 10 USDC, 3.98 FANTÔME ($200), 138 SUSHI, 0.1 YFI, 2.5 COMP ($75) and other actual ‘dust’ to various [centralized] exchanges,” the individual added.
Entre-temps, Zhu has not tweeté since June 14, 2022. toutefois, Zhu did change his profile on Twitter as it used to say that the co-founder of 3AC was “Investing in BTC, ETH, AVAX, LUNE, SOL, À PROXIMITÉ, MINA, POINT, [et] KSM.” Today, Profil Twitter de Zhu does not feature the aforementioned crypto assets and simply says “bitcoin,” in addition to his associations with Deribit, Defiance Capital, and Starry Night Capital.
What do you think about the recent MAS press release and the story that says liquidators are attempting to seize Su Zhu’s properties in Singapore? Faites-nous savoir ce que vous pensez de ce sujet dans la section commentaires ci-dessous.
Crédits image: Shutterstock, Pixabay, Wiki Commons
Avertissement: Cet article est à titre informatif seulement. Il ne s'agit pas d'une offre directe ou d'une sollicitation d'offre d'achat ou de vente, ou une recommandation ou une approbation de tout produit, prestations de service, ou des entreprises. Bitcoin-Tidings.com ne fournit pas d'investissement, impôt, légal, ou conseil comptable. Ni la société ni l'auteur ne sont responsables, directement ou indirectement, pour tout dommage ou perte causé ou prétendument causé par ou en relation avec l'utilisation ou la confiance accordée à tout contenu, biens ou services mentionnés dans cet article.