Singapore Police Arrest One of Two Wanted 3AC Crypto Hedge Fund Founders
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Singapore Police said a "36-year-old" man was arrested Sept. 29 at the Changi airport, responding to a Reuters query on the arrest of Su Zhu, one of the founders of bankrupt crypto hedge fund Three Arrows Capital (3AC).
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Police did not reveal the name or provide further comment to Reuters.
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3AC's other co-founder, Kyle Davies, remains at large and his location remains unknown.
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Both founders are the subject of a committal order sentencing him to four months' imprisonment due to failure to comply with a court order.
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Once one of the crypto industry's premier funds, 3AC lost billions of dollars after a series of bad trades and investments across 2021 and 2022, leading to the fund shuttering.