5 entries tagged “singapore”.
A Singapore-based crypto lender that froze withdrawals in August 2022 amid the Terra collapse, having funneled ~$317M of user funds into Terra's Anchor Protocol and lost an estimated ~$189.7M. In May 2026, Singapore charged former CEO Zhu Juntao with six counts of fraud.
Co-founder of Three Arrows Capital (3AC), the crypto hedge fund whose 2022 collapse left ~$3.5B in creditor claims. Singapore's MAS banned him for nine years and a court sentenced him to four months for failing to cooperate with liquidators; his whereabouts have been reported as unknown.
Co-founder of the Singapore crypto hedge fund Three Arrows Capital (3AC), which collapsed in 2022 owing creditors ~$3.5B. Singapore's MAS banned him for nine years; he was jailed four months in 2023 for failing to cooperate with liquidators and arrested at Changi Airport.
Former CEO of the collapsed Singapore crypto lender Hodlnaut. In May 2026 Singapore charged him with six counts of fraud by false representation, alleging he directed false statements that the firm had no TerraUSD exposure. He disputes the charges.
A Singapore-based crypto hedge fund, once reportedly managing ~$10B, that collapsed in June 2022 amid heavy leverage and the Terra/LUNA crash. A BVI court ordered it liquidated; Singapore's MAS banned founders Su Zhu and Kyle Davies for nine years.
