The co-founder of a collapsed crypto hedge fund was arrested in Singapore


Illustration of a digital coin on fire.
Illustration by Alex Castro / The Verge

Su Zhu, the co-founder of the collapsed crypto hedge fund Three Arrows Capital (3AC), was arrested in Singapore on Friday. Zhu was taken into custody whereas making an attempt to depart the nation from Singapore’s Changi Airport, as reported earlier by Bloomberg.

Teneo, the liquidation agency in command of liquidating 3AC’s property, says it obtained a committal order in opposition to Zhu after he didn’t adjust to a courtroom order that compelled him to cooperate with the liquidation course of. That committal order directs Singaporean police to arrest Zhu and maintain him in jail for 4 months. Teneo says it obtained a “related” committal order for 3AC’s different co-founder, Kyle Davies.

Throughout his time in jail, Teneo says the liquidators will have interaction with Zhu…

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