Singapore Central Bank Bans Zhu, Davies Over Three Arrows (3)

Singapore’s central bank imposed nine-year prohibition orders on Su Zhu and Kyle Davies for transgressions at their collapsed crypto hedge fund Three Arrows Capital.

The orders from the city-state’s financial watchdog took effect Wednesday and ban both men from any regulated activity, according to a Monetary Authority of Singapore statement on Thursday.

Zhu and Davies are also prohibited from managing, being directors of, or becoming substantial shareholders of any capital market services company under the Securities and Futures Act, the statement showed.

The central bank faulted Three Arrows for providing false information and failing to implement an appropriate ...