Photos Of 3AC Founder Su Zhu Arrested In Singapore
Key Points:
CoinCu last week reported that The co-founder of failed crypto hedge fund Three Arrows Capital, Zhu Su, was arrested at Changi Airport while attempting to travel out of Singapore on Friday (Sep 29) afternoon.
The Singapore Courts swiftly issued a committal order, resulting in a four-month prison sentence for Zhu Su. The action was taken due to his deliberate failure to cooperate with the liquidators’ investigations, which a court order had mandated. Additionally, the order aimed to hold Zhu Su accountable for his activities as a co-founder and former investment manager of 3AC.
The Block today reported Photographs obtained by The Block show the moment Zhu was arrested. The photographs appear to show Zhu being stopped by two policemen before being escorted through the airport.
The OX price crashed by over 50% after the co-founder of the now-defunct crypto hedge fund Three Arrows Capital’s arrest. Besides, Wu said that the arrest stemmed from Zhu Su’s refusal to cooperate with liquidators and provide requested information, leading to contempt of court charges. Such a lengthy sentence for contempt is uncommon in legal proceedings.
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