Three Arrows Capital co-founder Kyle Davies claimed that there are no pending lawsuits or regulatory actions against him, CoinDesk reported. Kyle Davies said, "They are angry that the market has fallen. As far as we are concerned, we have no regulatory action anywhere, no litigation at all." Last October, the US Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC) Investigate whether the Singapore-based fund misled investors about its balance sheet. Three Arrows Capital had just $1 billion in assets in December and more than $3 billion in liabilities.