The co-founder of Three Arrows Capital, Su Zhu, has once again come into the spotlight in connection with events in Singapore. Three Arrows Capital was once considered one of the largest hedge funds in the crypto market. However, following the collapse of the Terra ecosystem, the fund suffered a significant blow and filed for bankruptcy in July 2022.
Su Zhu Sentenced to 4 Months in Prison
According to recent news, Su Zhu, the co-founder of Three Arrows Capital, was arrested while attempting to leave the country at a Singapore airport. Official charges against Su Zhu have not been disclosed yet, but he has been sentenced to four months in prison.
Following Su Zhu’s arrest, a similar order was issued for the other co-founder of the fund, Kyle Davies, who was also sentenced to four months in prison. However, Kyle Davies’ whereabouts are unknown, and he has not been arrested at this time.