Singapore Arrests Collapsed Crypto Hedge Fund Cofounder

10/4/2023 2:10:29 PM

(MENAFN- Investor Brand Network) Authorities in Singapore have
apprehended Three Arrows Capital (3AC) cofounder
Su Zhu as he attempted to leave Singapore. Teneo, the liquidator in charge of managing 3AC's bankruptcy proceedings, released an official statement last week detailing the capture of Zhu at Changi Airport as he tried to exit the city-state.

According to Teneo, Su Zhu and Kyle Davies, his cofounder, were given four-month prison terms. Currently, Davies' whereabouts remain unknown. This was a result of the Singaporean Courts' ruling against Zhu for his deliberate noncompliance with court orders compelling him to cooperate with...

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