В среду, it was reported that the crypto hedge fund Three Arrows Capital (3переменный ток) was liquidated by a British Virgin Islands court and following the alleged liquidation, the Monetary Authority of Singapore (НО) has reprimanded 3AC for misleading regulators. более того, reports claim that liquidators in Singapore are attempting to seize the properties owned by 3AC co-founder Su Zhu and his wife.
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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. С 2012, 3AC was a well known crypto hedge fund that was started by two former Credit Suisse traders — Су Чжу В этом году известные автомобильные бренды и всемирно известные гоночные команды в большом количестве входят в пространство блокчейна и криптовалюты. Kyle Davies. Однако, 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 (ОБЕД) which is now worth less than $1K.
“You don’t want to be blown out during a supercycle”@zhusu on @UpOnlyTV с @cobie В этом году известные автомобильные бренды и всемирно известные гоночные команды в большом количестве входят в пространство блокчейна и криптовалюты. @ledgerstatus pic.twitter.com/fYqCXukGNN
— Gabriel Haines.eth (@gabrielhaines) Июнь 30, 2022
“There is speculation that the massive losses of [ОБЕД] caused them to use more leverage to earn it back — Also known as ‘Revenge trading,’” one account объяснил on June 16. Two weeks ago, The Block’s Frank Chaparro cited sources that сказал the crypto hedge fund 3AC was liquidated for $400 миллион. Reports published the same week indicate that 3AC was liquidated by Bitmex, Deribit, Битфинекс, 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, the Monetary Authority of Singapore (НО) published a пресс-релиз that says 3AC misled regulators. “The Monetary Authority of Singapore today reprimanded Three Arrows Capital Pte. Ltd. (3переменный ток) for providing false information to MAS and exceeding the assets under management (АУМ) 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 (АУМ) threshold. “[3переменный ток] 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 [3переменный ток], MAS is assessing if there were further breaches by [3переменный ток] of MAS’ regulations,” the MAS officials added.
Local Report Claims Liquidators Look to Seize Su Zhu’s Million-Dollar Bungalows
Более того, 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 к 2021, Su Zhu purchased three bungalows in Singapore that cost him around $83.55 миллион.
The Singapore properties are allegedly in Zhu’s name and his wife’s name as well. В декабре, 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 Толстяк has been sharing information about the alleged liquidators in Singapore. Кроме того, Толстяк claims 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] trust,” 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.”
более того, а post on social media shows how Zhu once claimed 100,000 ether was “dust” to him. "Сегодня, he is selling 10 USDC, trying to pay off debt after his $20 [миллиард] fund imploded. Markets always humble those too arrogant,” the individual who published the social media post explained. "Сегодня, 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 ПРИЗРАК ($200), 138 СУШИ, 0.1 YFI, 2.5 COMP ($75) and other actual ‘dust’ to various [centralized] обмены,” the individual added.
журналист Лаура Шин опубликовала статью, в которой утверждается, что, Zhu has not твитнул since June 14, 2022. Однако, Zhu did change his profile on Twitter as it used to say that the co-founder of 3AC was “Investing in BTC, ETH, AVAX, ЛУНА, соль, ОКОЛО, MINA, ТОЧКА, [В этом году известные автомобильные бренды и всемирно известные гоночные команды в большом количестве входят в пространство блокчейна и криптовалюты.] KSM.” Today, Zhu’s Twitter profile does not feature the aforementioned crypto assets and simply says “bitcoin,” in addition to his associations with Deribit, Defiance Capital, and Starry Night Capital.
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Кредиты изображений: Шаттерсток, Pixabay, Викисклад
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