Three Arrows Capital founder arrested in Singapore while fleeing authorities

Sopa Images | Lightrocket | Getty Images Authorities arrested fugitive crypto founder Su Zhu of Three Arrows Capital in Singapore while attempting to flee.
Zhu and co-founder Kyle Davies sentenced to 4 months in prison for failing to comply with court orders related to 3AC's bankruptcy.
At peak in 2022, Three Arrows Capital managed about $10 billion in assets before plunging crypto prices wiped out funds.
Liquidators will work with Zhu on recovering assets for 3AC's creditors, may seek further court orders against him.
Davies remains at large with arrest warrant out; both founders barred for 9 years from regulated investment activity in Singapore.

cnbc.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.

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Posted 9/29/2023, 4:36:46 PM

Three Arrows Capital founder arrested in Singapore while fleeing authorities

Sopa Images | Lightrocket | Getty Images Authorities arrested fugitive crypto founder Su Zhu of Three Arrows Capital in Singapore while attempting to flee.
Zhu and co-founder Kyle Davies sentenced to 4 months in prison for failing to comply with court orders related to 3AC's bankruptcy.
At peak in 2022, Three Arrows Capital managed about $10 billion in assets before plunging crypto prices wiped out funds.
Liquidators will work with Zhu on recovering assets for 3AC's creditors, may seek further court orders against him.
Davies remains at large with arrest warrant out; both founders barred for 9 years from regulated investment activity in Singapore.

cnbc.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