Singapore Central Bank Bans Zhu, Davies Over Three Arrows
- Two men hit with prohibition orders under securities act
- Three Arrows’ collapse in 2022 exacerbated a crypto rout
The Monetary Authority of Singapore.
Photographer: Edwin Koo/BloombergUpdated on
Singapore’s central bank imposed nine-year prohibition orders on Su Zhu and Kyle Davies for transgressions at their collapsed crypto hedge fund Three Arrows Capital.
The orders from the city-state’s financial watchdog took effect Wednesday and ban both men from any regulated activity, according to a Monetary Authority of Singapore statement on Thursday.
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Singapore Central Bank Bans Zhu, Davies Over Three Arrows