The CFTC and the SEC Are Investigating 3AC’s Bankruptcy
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The CFTC and the SEC are investigating potential wrongdoing by bankrupt cryptocurrency hedge fund Three Arrows Capital (3AC).
According to Bloomberg, the departments suspect the company of misleading investors and the lack of proper registration.
3AC filed for bankruptcy in July in a New York court. According to Nansen, the hedge fund managed about $10 billion in assets.
The information about the possible insolvency of 3AC appeared after the collapse of the collapse of the cryptocurrency market and the collapse of the Terra ecosystem in May.
At the end of June, the British Virgin Islands court ruled to liquidate the hedge fund.
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