3AC founders fined by Dubai regulator over OPNX change

The founders of the collapsed digital asset hedge fund Three Arrows Capital (3AC) Kyle Davies and Su Zhu at the moment are going through a high quality issued by Dubai’s devoted crypto regulator over the OPNX change.

On Aug. 16, Dubai’s Digital Asset Regulatory Authority (VARA) printed a discover of fines for the OPNX change. The regulator mentioned that it has issued a high quality of 10 million United Arab Emirates dirhams (round $2.7 million) for violations of its market rules and famous that the high quality stays unpaid.

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