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Three Arrows Reprimanded by Singapore Over False Information

  • Three Arrows was allowed to manage a maximum of S$250 million
  • A court this week ordered the crypto fund to be liquidated
Updated on

Three Arrows Capital, the crypto hedge fund ordered to liquidate after failing to repay creditors, was reprimanded by the Monetary Authority of Singapore for providing false information and exceeding the maximum amount of money it was allowed to manage. 

The central bank said in a statement on Thursday that Three Arrows had obtained a local registration in 2013 that allowed it to manage up to S$250 million ($180 million). Three Arrows breached the limit on assets under management from July 2020 to September 2020, and from November 2020 to August 2021, MAS said.