Reports indicate that the bankrupt crypto hedge fund Three Arrows Capital (3AC) is facing more trouble from liquidators and financial authorities from the U.S. Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC). The whereabouts of the hedge fund’s co-founders Su Zhu and Kyle Davis are still unknown and the court-appointed liquidator plans to leverage unorthodox means to send the two co-founders a subpoena.
3AC Is Allegedly Under Investigation by US Regulatory Watchdogs
The co-founders from the troubled crypto hedge fund Three Arrows Capital (3AC) are reportedly being investigated by U.S. officials, according to anonymous sources cited by Bloomberg. The Bloomberg report says that while creditors claim 3AC owes them billions, the SEC and CFTC are probing “a range of possible legal violations.”
3AC has been a focal point after the hedge fund saw enormous losses from the Terra implosion and UST depegging event, as reports noted in mid-June that the...
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INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...