Three Arrows Capital founders Kyle Davies and Su Zhu have been handed a nine-year prohibition by the Monetary Authority of Singapore. Meanwhile, the company behind the Stoner Cats nonfungible token (NFT) collection was charged by the United States Securities and Exchange Commission (SEC) for conducting an unlawful securities sale and Coinbase (NASDAQ:COIN) has confirmed its decision to integrate layer-2 payment protocol Lightning Network, as users seek faster and cheaper Bitcoin (BTC) transactions.
Singapore’s central bank slugs Three Arrows founders with 9-year ban
Singapore’s central bank has issued nine-year prohibition orders to Kyle Davies and Su Zhu over alleged violations of the country's securities laws at their co-founded crypto hedge fund Three Arrows Capital (3AC).