3AC co-founder Su Zhu arrested in Singapore for defying court order amid crypto hedge fund collapse

Su Zhu, co-founder of collapsed crypto hedge fund 3AC, apprehended at Singapore airport
3AC filed for bankruptcy in 2022, accelerating the crypto winter
Zhu sentenced to 4 months jail for failing to comply with court order
Co-founder Kyle Davies' location unknown; both banned from operating firms in Singapore
Zhu and Davies reprimanded by Dubai regulator for unlicensed crypto exchange
Davies declined to respond to NY subpoenas regarding 3AC collapse
Token of duo's new venture fell 21% as market cap shrank to $40M

coindesk.com

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9/14/2023

Singapore Bars 3AC Founders From Markets for 9 Years Over Cryptocurrency Collapse

The founders of bankrupt cryptocurrency hedge fund Three Arrows Capital have been barred by Singapore's central bank from market activity in the city-state for nine years due to the fund's collapse.

9/14/2023

Singapore Bans Three Arrows Capital Founders From Financial Industry For 9 Years Over Regulatory Breaches

Singapore's financial regulator has issued a nine-year prohibition order against the founders of Three Arrows Capital, Su Zhu and Kyle Davies, preventing them from participating in the regulated financial services industry due to providing false information to the public and failing to comply with regulatory requirements.

9/30/2023

Ether ETFs Launch Soon as Crypto Faces Legal Woes

Summary: Valkyrie will be offering exposure to Ether futures through its Bitcoin Strategy ETF, becoming one of the first firms to do so amid pending applications with the US Securities and Exchange Commission; Sam Bankman-Fried, former CEO of FTX, is set to stand trial over fraud charges beginning on October 4th and lasting until November 9th and, meanwhile, Su Zhu, co-founder of Three Arrows Capital (3AC), has been arrested in Singapore as part of an ongoing investigation to retrieve funds for 3AC's creditors.

10/1/2023

OpenX Token Crashes 80% After Co-Founder Arrested for Attempted Flight

The arrest of Open Exchange co-founder Su Zhu caused the value of the exchange's OX token to crash, resulting in a significant drop in market capitalization and a decline of over 80% from its all-time high. Zhu's arrest is related to his involvement with the now-defunct crypto hedge fund Three Arrows Capital.

10/4/2023

Crypto Founder Bought $36M Singapore Mansion Before Company's Collapse, Now Converted to Eco-Farm Where He Was Arrested

Crypto businessman Su Zhu's $36 million luxury property in Singapore has been converted into an eco-farm called "Yarwood Homestead" after his hedge fund, Three Arrows Capital, collapsed, and Zhu was sentenced to four months in prison.

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Posted 9/29/2023, 2:21:00 PM

3AC co-founder Su Zhu arrested in Singapore for defying court order amid crypto hedge fund collapse

Su Zhu, co-founder of collapsed crypto hedge fund 3AC, apprehended at Singapore airport
3AC filed for bankruptcy in 2022, accelerating the crypto winter
Zhu sentenced to 4 months jail for failing to comply with court order
Co-founder Kyle Davies' location unknown; both banned from operating firms in Singapore
Zhu and Davies reprimanded by Dubai regulator for unlicensed crypto exchange
Davies declined to respond to NY subpoenas regarding 3AC collapse
Token of duo's new venture fell 21% as market cap shrank to $40M

coindesk.com

Relevant topic timeline:

9/14/2023

Singapore Bars 3AC Founders From Markets for 9 Years Over Cryptocurrency Collapse

The founders of bankrupt cryptocurrency hedge fund Three Arrows Capital have been barred by Singapore's central bank from market activity in the city-state for nine years due to the fund's collapse.

9/14/2023

Singapore Bans Three Arrows Capital Founders From Financial Industry For 9 Years Over Regulatory Breaches

9/30/2023

Ether ETFs Launch Soon as Crypto Faces Legal Woes

10/1/2023

OpenX Token Crashes 80% After Co-Founder Arrested for Attempted Flight

10/4/2023

Crypto Founder Bought $36M Singapore Mansion Before Company's Collapse, Now Converted to Eco-Farm Where He Was Arrested