Su Zhu was apprehended at Singapore’s Changi Airport on Friday after a request by the liquidator for the defunct crypto hedge fund firm.
Three Arrows Capital co-founder Su Zhu was apprehended in Singapore while trying to leave the country on Friday.
Three Arrows Capital, once considered among the largest and most successful crypto-native hedge funds, suffered big losses last year on ill-fated Luna tokens and other investments.Zhu was apprehended at Singapore’s Changi Airport on Friday afternoon, Teneo said, adding that the September 25 order also saw Zhu’s co-founder Kyle Davies receive the same sentence.
Three Arrows Capital, once considered among the largest and most successful crypto-native hedge funds, suffered big losses last year on ill-fated Luna tokens and other investments, leaving its creditors owed around $US3 billion. Liquidators are seeking to recover more than $US1 billion directly from the co-founders.Teneo said they will seek to engage with Zhu on matters relating to Three Arrows and recovering lost funds while he is in prison.
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