Dubai authorities fined the co-founders of failed crypto hedge fund Three Arrows Capital in their latest enforcement action against the duo's new digital-asset exchange OPNX. The Virtual Assets Regulatory Authority (VARA) said it had issued the company a fine of 10 million dirhams in May that remains unpaid. The regulator said penalties of 200,000 dirhams for Su Zhu and Kyle Davies along with OPNX co-founder Mark Lamb and chief executive officer (CEO) Leslie Lamb for failures to abide by the rules for marketing, advertising and promotions have been paid.

http://klse.i3investor.com/web/blog/detail/kianweiaritcles/2023-08-16-story-h-242756840-Dubai_fines_three_Arrows_founders_over_OPNX_crypto_project

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