Official Condemnation from Singapore to Three Arrow Capital (3AC)

The Monetary Authority of Singapore (MAS) has formally condemned Three Arrow Capital (3AC), which has had its troubled days.

On Thursday, June 30, MAS issued an official condemnation to 3AC for providing false information and exceeding the threshold of assets under its management.

Officials said in the statement that the company did not report changes in management and shareholders, and July 2020 to September 2020 and November 2020 to August 2021 by regulators on assets under management between exceeds the allowable threshold. stated.

3AC, assets under management in 2013 Not to exceed 250 million dollars provided that it received official approval from Singapore.

MAS also LUNA and UST collapse Then there was speculation that he might no longer have the ability to pay. In the regulations of 3AC He said he was assessing whether he had committed any other violations.

A court in the British Virgin Islands, which has recently filed for liquidation of 3AC, has ordered the liquidation of the company.

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