La Corte di Singapore indaga sul cofondatore di 3AC

La Corte di Singapore indaga sul cofondatore di 3AC

Timestamp: 13 dicembre 2023 9:31
Nodo di origine: 3011797

The Co-Founder of the collapsed crypto lending platform Three
Arrows Capital (3AC), Su Zhu, has been questioned in a court in Singapore.
This investigation, as reported by Bloomberg, marked a significant step in the
search for a solution by the company’s liquidators seeking to recover $3.3 billion for
creditori.

Questo interrogatorio, che è stato condotto per due
giorni, ha cercato di svelare i misteri che circondano il crollo della 3AC e il
dove si trovano i suoi beni. I liquidatori hanno accusato Zhu e il suo co-fondatore, Kyle Davies, di ostacolare le indagini, con l'obiettivo di recuperare 1.3 miliardi di dollari da
il duo.

Zhu’s interrogation, conducted by lawyers
representing the liquidator Teneo, delved into the failure of 3AC e la
perdita del patrimonio dei clienti. Nonostante il carattere privato del procedimento, l
una pubblicazione mediatica ha riferito, citando addetti ai lavori, che la detenzione di Zhu a settembre
played an important role in the inquiries.

Liquidators have accused Zhu and Davies of
obstructing investigations, aiming to recover a staggering $1.3 billion from
the duo. However, neither Zhu nor Davies has faced criminal charges in
Singapore. The information obtained from these inquiries is poised to be shared
with creditors.

Nel mese di settembre, Zhu è stato arrestato a Singapore,
culminating in the downfall of 3AC. The charges brought against him include alleged
mismanagement of customers’ funds and debt default. Before the collapse of the
crypto lender, 3AC boasted investments in high-profile projects like LUNA,
Aave, Avalanche, BlockFi, Deribit, and Solana. However, its troubles began with
the crash of LUNA in May, triggering a cascading effect in the crypto
industria.

3AC’s Regulatory Setback

Despite managing $18 billion in cryptocurrency
assets at its peak, 3AC failed to meet margin calls in June last year, raising doubts
about its financial stability. In response to regulatory lapses tied to the
operation of the fund, the Monetary Authority of Singapore ha bandito il duo from participating in the city-state’s financial services sector for
nove anni.

The financial watchdog affirmed that
neither Zhu, who held the position of Chief Executive Officer, nor Kyle Livingston
Davies, the Chairman of 3AC, could engage in management roles or act as directors in any capital market services firm in Singapore.

Founded in 2012, 3AC’s downfall extended far beyond
its immediate stakeholders. Rival crypto lender Voyager Digital was unable to
recover its debt from the company, leading to its fallimento . This event caused a domino effect
with damages exceeding $3 billion, impacting several companies in the crypto
spazio.

The Co-Founder of the collapsed crypto lending platform Three
Arrows Capital (3AC), Su Zhu, has been questioned in a court in Singapore.
This investigation, as reported by Bloomberg, marked a significant step in the
search for a solution by the company’s liquidators seeking to recover $3.3 billion for
creditori.

Questo interrogatorio, che è stato condotto per due
giorni, ha cercato di svelare i misteri che circondano il crollo della 3AC e il
dove si trovano i suoi beni. I liquidatori hanno accusato Zhu e il suo co-fondatore, Kyle Davies, di ostacolare le indagini, con l'obiettivo di recuperare 1.3 miliardi di dollari da
il duo.

Zhu’s interrogation, conducted by lawyers
representing the liquidator Teneo, delved into the failure of 3AC e la
perdita del patrimonio dei clienti. Nonostante il carattere privato del procedimento, l
una pubblicazione mediatica ha riferito, citando addetti ai lavori, che la detenzione di Zhu a settembre
played an important role in the inquiries.

Liquidators have accused Zhu and Davies of
obstructing investigations, aiming to recover a staggering $1.3 billion from
the duo. However, neither Zhu nor Davies has faced criminal charges in
Singapore. The information obtained from these inquiries is poised to be shared
with creditors.

Nel mese di settembre, Zhu è stato arrestato a Singapore,
culminating in the downfall of 3AC. The charges brought against him include alleged
mismanagement of customers’ funds and debt default. Before the collapse of the
crypto lender, 3AC boasted investments in high-profile projects like LUNA,
Aave, Avalanche, BlockFi, Deribit, and Solana. However, its troubles began with
the crash of LUNA in May, triggering a cascading effect in the crypto
industria.

3AC’s Regulatory Setback

Despite managing $18 billion in cryptocurrency
assets at its peak, 3AC failed to meet margin calls in June last year, raising doubts
about its financial stability. In response to regulatory lapses tied to the
operation of the fund, the Monetary Authority of Singapore ha bandito il duo from participating in the city-state’s financial services sector for
nove anni.

The financial watchdog affirmed that
neither Zhu, who held the position of Chief Executive Officer, nor Kyle Livingston
Davies, the Chairman of 3AC, could engage in management roles or act as directors in any capital market services firm in Singapore.

Founded in 2012, 3AC’s downfall extended far beyond
its immediate stakeholders. Rival crypto lender Voyager Digital was unable to
recover its debt from the company, leading to its fallimento . This event caused a domino effect
with damages exceeding $3 billion, impacting several companies in the crypto
spazio.

Timestamp:

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