One of the co-founders of collapsed cryptocurrency hedge fund Three Arrows Capital has been apprehended in Singapore and jailed for four months, according to the company's liquidator.
The Singapore-based company filed for bankruptcy last year when its fortunes suffered a sharp decline after a massive sell-off of assets it had bet on as prices nosedived in crypto markets.
His arrest came after Teneo said it obtained a committal order this week against Zhu for failing to comply with its investigation into the company's failure. His co-founder Kyle Davies was also committed to four months in prison but"his whereabouts remain unknown at this point in time", it said. The liquidator, ordered to preside over the bankruptcy by a court in the British Virgin Islands, is attempting to recover the assets of Three Arrows and bring returns to its creditors after the company failed.
Italia Ultime Notizie, Italia Notizie
Similar News:Puoi anche leggere notizie simili a questa che abbiamo raccolto da altre fonti di notizie.
Crypto fund co-founder arrested, jailed in SingaporeThree Arrows Capital filed for bankruptcy after its fortunes suffered a sharp decline last year.
Leggi di più »
Crypto fund co-founder arrested, jailed in Singapore, says company liquidatorSINGAPORE, Sept 30 ― One of the co-founders of collapsed cryptocurrency hedge fund Three Arrows Capital has been apprehended in Singapore and jailed for four months, according...
Leggi di più »
Crypto fund co-founder arrested, jailed in Singapore: LiquidatorSINGAPORE: One of the co-founders of collapsed cryptocurrency hedge fund Three Arrows Capital has been apprehended in Singapore and jailed for four mo...
Leggi di più »
Asian Development Bank unveils capital moves to boost lending by US$100b over a decadeMANILA, Sept 29 — The Asian Development Bank (ADB) unveiled new capital reforms on Friday that will unlock US$100 billion in new financing capacity over 10 years as the lender...
Leggi di più »
Tokyo equity offerings surge as Japan Inc shifts towards capital efficiencyTOKYO: Japan equity offerings have more than quadrupled in value this year, with investors encouraged by a surge in the Nikkei stock index to a 33-yea...
Leggi di più »
BNM: Banking system records healthy excess capital buffer of RM133.3b in AugustKUALA LUMPUR: The banking system recorded an excess capital buffer of RM133.3 billion in August 2023, Bank Negara Malaysia (BNM) said. In August 2023 ...
Leggi di più »