REPORTS: SEC Investigating Three Arrows Capital

REPORTS: SEC Investigating Three Arrows Capital

The U.S. Commodity Futures Trading Commission and the Securities Exchange Commission are investigating the now-bankrupt hedge fund Three Arrows Capital, according to a news brief from the Bloomberg Terminal.

The CFTC and SEC are reportedly looking into whether or not Three Arrows Capital misled its investors and if the Singapore-based company failed to register with the proper government agencies.

Earlier this month, the NFTs in Three Arrows Capital-funded Starry Night Capital were transferred to a wallet owned by Teneo, which is handling the liquidation of the assets for creditors in Three Arrows Capital's bankruptcy case.

Three Arrows Capital founders Su Zhu and Kyle Davies haven't been seen much since their hedge fund defaulted on loans of more than 15,000 BTC and $350 million USD back in July.

Three Arrows Capital was reported to have more than $10 billion in assets back in March, documents show. Back in June, as BTC dropped 25 percent to around $30,000, Three Arrows Capital confirmed it suffered heavy losses with the collapse of Luna and its stablecoin Terra (UST). 

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