Singapore Bars 3AC Founders From Markets for 9 Years Over Cryptocurrency Collapse

Singapore's central bank barred 3AC founders Zhu Su and Kyle Davies from market activity for 9 years.
3AC was the first major crypto firm to go bankrupt in 2022 due to the Luna/TerraUSD collapse.
3AC filed for bankruptcy in late June in the British Virgin Islands.
MAS said the prohibition on 3AC founders starts September 13.
MAS said senior management of fund managers must implement robust risk management.

reuters.com

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