Bloomberg: The U.S. CFTC and SEC are intensifying their investigation into a series of illegal activities by Three Arrows Capital

2022-10-18 08:03:21

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ChainCatcher news, two insiders revealed that the Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC) are currently conducting an in-depth investigation into Three Arrows Capital to determine whether the company violated rules by misleading investors regarding its balance sheet and failing to register with both regulatory agencies. Both agencies declined to comment, but their review could lead to fines and other penalties for the company and individuals involved.

Previously reported, the Singapore-based Three Arrows filed for bankruptcy in July, stating that its business "collapsed after severe volatility in the cryptocurrency market." The co-founders Su Zhu and Kyle Davies are currently missing, making it difficult for the bankruptcy trustee and their lawyers to track them down. The trustee has requested the court to serve subpoenas through the two's email addresses, Twitter accounts, and their lawyer's email address. (Bloomberg)

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