Three Arrows Capital and Crypto: Latest News

The crypto hedge fund Three Arrows is being forced to liquidate by a British Virgin Island court, and the Monetary Authority of Singapore has claimed that the fund gave them false information.

“TAC had represented to MAS that it had novated the management of its fund to an unrelated offshore entity with effect from 1 September 2021. However, this representation was misleading as TAC and the offshore entity shared a common shareholder, Mr Su Zhu, who is also a director of TAC,” wrote MAS.

Before Sky News reported on the forced liquidation, Three Arrows Capital had defaulted ona. $670 million loan from Voyager Digital. 

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