ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print

Singapore bans founders of Three Arrows crypto hedge fund

Zhu Su and Kyle Davis barred from capital market participation for nine years

Three Arrows Capital ran into difficulty after cryptocurrency prices plunged in 2022.   © AP

SINGAPORE -- Singapore announced on Thursday that it has banned the founders of collapsed crypto hedge fund Three Arrows Capital, Zhu Su and Kyle Davis, from participating in regulated capital market activities for nine years.

The country's financial regulator and central bank, the Monetary Authority of Singapore, said they will not be allowed to assume director positions or become substantial shareholders of capital markets companies in the city. The bans came into effect on Wednesday.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more