In a June 30 announcement, MAS says that 3AC exceeded the amount of assets under management allowed for a registered fund management company (RFMC).
Further investigations are on-going.
The Monetary Authority of Singapore has reprimanded Singapore-based crypto hedge fund Three Arrows Capital (3AC) for providing false information and for breaching fund management industry licensing rules.
The fund is in the news recently for being put under liquidation in British Virgin Islands after it defaulted on payments.
