Singapore hands 3AC’s Zhu and Davies 9-year markets ban
Singapore regulator MAS has barred the 3AC founders from market activity following investigations into the failed crypto hedge fund.
Singapore regulator MAS has barred the 3AC founders from market activity following investigations into the failed crypto hedge fund.
In addition to crypto, the raid captured luxury cars, expensive wine, fine jewelry, and rare collectibles.
The Monetary Authority of Singapore (MAS) announced on Monday new rules for crypto service providers which will require them to hold customer funds in a separate trust before the end of the year, as well as restrict lending and staking of retail customers’ tokens. In a press release, MAS said that the proposed crypto rules […]
Luno says the move is part of a “regular evaluation” of its global strategy and has advised users to withdraw tokens and funds by June 19.
With 3AC’s liquidation now recognized in Singapore, liquidators can determine what properties, bank accounts, NFTs, and crypto it owned.