Singapore’s central bank slugs Three Arrows founders with 9-year ban

Singapore’s central bank has issued nine-year prohibition orders to Kyle Davies and Zhu Su over alleged violations of the country’s securities laws at their co-founded crypto hedge fund Three Arrows Capital (3AC).

In a Sept. 14 statement, the Monetary Authority of Singapore (MAS) said Su and Davies will be banned from regulated activities during the prohibition period that started Sept. 13.

They also won’t be permitted to manage, act as a director, or be a substantial shareholder of any…

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