Three Arrows Capital founders Kyle Davies and Su Zhu have been handed a nine-year prohibition by the Financial Authority of Singapore. In the meantime, the corporate behind the Stoner Cats nonfungible token (NFT) assortment was charged by the US Securities and Alternate Fee (SEC) for conducting an illegal securities sale and Coinbase (NASDAQ:) has confirmed its choice to combine layer-2 fee protocol Lightning Community, as customers search sooner and cheaper (BTC) transactions.
Singapore’s central financial institution slugs Three Arrows founders with 9-year ban
Singapore’s central financial institution has issued nine-year prohibition orders to Kyle Davies and Su Zhu over alleged violations of the nation’s securities legal guidelines at their co-founded crypto hedge fund Three Arrows Capital (3AC).
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