Three Arrows co-founder Su Zhu arrested in Singapore amid efforts to recover assets after $10B crypto hedge fund collapse
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Su Zhu, co-founder of failed crypto hedge fund Three Arrows Capital, was arrested in Singapore while trying to leave the country.
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A court had issued a committal order against Zhu for failing to comply with an order related to efforts to recover funds for 3AC creditors.
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The committal order sentences Zhu to 4 months in prison. Liquidators will try to engage with him on 3AC matters and asset recovery.
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The whereabouts of 3AC co-founder Kyle Davies remain unknown after a similar committal order against him.
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Singapore regulators banned Zhu and Davies from regulated investment activities for 9 years each after 3AC's $10B collapse.