According to reports, two key US regulators are looking into the bankrupt crypto-focused hedge fund Three Arrows Capital (3AC). The Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC), according to Bloomberg, are now investigating whether the fund “violated rules by misleading investors about the strength of its balance sheet and failing to register with the agencies.” The Singapore-based fund, which began actively trading cryptocurrencies in 2017, was one of the world’s largest crypto funds before filing Chapter 15 bankruptcy on July 1, claiming that it owed creditors $3.5 billion as a result of its collapse.
