๐จ Singapore Police announced that a "36-year-old" man was arrested at Changi airport on September 29. This may be related to the arrest of Su Zhu, one of the founders of the bankrupt crypto hedge fund Three Arrows Capital (3AC).
๐ Police did not name names and did not comment further to Reuters. Teneo, 3AC's liquidator, said last week that Zhu had been arrested, but city officials have yet to fully confirm this.
๐ต๏ธโโ๏ธ 3AC's other co-founder, Kyle Davies, is still missing and his location is unknown. Both founders were sentenced to four months in prison for disobeying a court order.
๐ธ 3AC, once one of the leading funds in the crypto industry, lost billions of dollars as a result of bad transactions and investments in 2021 and 2022. The fund now owes nearly $2.8 billion to creditors, and both founders appear to have been on the run from authorities since last year.
๐ฃ๏ธ Do you think Davies and Zhu will be caught? We are waiting your comments!#crypto#3AC
๐ Police did not name names and did not comment further to Reuters. Teneo, 3AC's liquidator, said last week that Zhu had been arrested, but city officials have yet to fully confirm this.
๐ต๏ธโโ๏ธ 3AC's other co-founder, Kyle Davies, is still missing and his location is unknown. Both founders were sentenced to four months in prison for disobeying a court order.
๐ธ 3AC, once one of the leading funds in the crypto industry, lost billions of dollars as a result of bad transactions and investments in 2021 and 2022. The fund now owes nearly $2.8 billion to creditors, and both founders appear to have been on the run from authorities since last year.
๐ฃ๏ธ Do you think Davies and Zhu will be caught? We are waiting your comments!#crypto#3AC