Singapore Reprimands Three Arrows Capital for Providing Misleading Information

On Thursday, beleaguered crypto hedge fund Three Arrows Capital got a sharp warning from Singaporean regulators, who accused the crypto firm of supplying “false information” to the city-state about the way it handled certain parts of its business.

The Monetary Authority of Singapore says the firm, which is technically based in Singapore, provided “misleading” information about its move to the British Virgin Islands last year.

This week, the company was forced by court order to liquidate in the British Virgin Islands, after facing a financial crisis in the wake of the collapse of algorithmic stablecoin TerraUSD and its failure to meet margin calls.