🚨 Good news for crypto drama fans! Zhu Su, one of the founders of the now bankrupt crypto hedge fund Three Arrows Capital (3AC), was arrested at Changi Airport, Singapore! 😱
This is related to problems piling up at his old hedge fund and the new crypto exchange he founded, OPNX. He said Zhu Su was reluctant to cooperate with the liquidators and the ongoing investigation.
What will happen next?
- Zhu Su was sentenced to 4 months in prison.
- Kyle Davies, another 3AC founder, also faces a similar order, but his whereabouts remain a mystery.
While in prison, the liquidator plans to speak with Zhu Su to focus on "recovering assets belonging to 3AC or obtained using 3AC funds."
Don't forget, 3AC was one of the first crypto companies to go bankrupt after the TerraUSD incident last year. Despite the huge impact on the market and billions of dollars in losses, 3AC management has yet to face any real legal consequences.
Instead, they set up a crypto exchange that wanted to donate a portion of its earnings to 3AC victims who “survived.” However, the company is under strict supervision from regulators.
Come on, let's discuss it in the comments column! What do you think about the Zhu Su case and the future of OPNX? 🤔
This is related to problems piling up at his old hedge fund and the new crypto exchange he founded, OPNX. He said Zhu Su was reluctant to cooperate with the liquidators and the ongoing investigation.
What will happen next?
- Zhu Su was sentenced to 4 months in prison.
- Kyle Davies, another 3AC founder, also faces a similar order, but his whereabouts remain a mystery.
While in prison, the liquidator plans to speak with Zhu Su to focus on "recovering assets belonging to 3AC or obtained using 3AC funds."
Don't forget, 3AC was one of the first crypto companies to go bankrupt after the TerraUSD incident last year. Despite the huge impact on the market and billions of dollars in losses, 3AC management has yet to face any real legal consequences.
Instead, they set up a crypto exchange that wanted to donate a portion of its earnings to 3AC victims who “survived.” However, the company is under strict supervision from regulators.
Come on, let's discuss it in the comments column! What do you think about the Zhu Su case and the future of OPNX? 🤔