Su Zhu’s Early Release from Prison Possible: 3AC Inquiry Continues

Su Zhu, thought to be responsible for the collapse of Three Arrows Capital, is now being questioned by liquidators about 3AC’s bankruptcy and missing assets.

Last year, following the collapse of stablecoin issuer Terra and the subsequent losses incurred by many investors, Three Arrows Capital (3AC) became one of the hardest-hit entities. Severely impacted by Terra’s downfall, the company filed for Chapter 15 bankruptcy in July of the same year.

After this turbulent period, Su Zhu, co-founder of Three Arrows Capital, teamed up with his partner Kyle Davies to establish a new cryptocurrency exchange, OPNX ($OX). However, Zhu’s challenges continued when he was arrested at a Singapore airport on September 29 while attempting to flee, leading to a four-month prison sentence.

Possible Release Within a Month

According to Bloomberg, Su Zhu is expected to be released within this month due to good behavior. However, Zhu was reportedly interrogated in a Singapore court before his release.

Liquidators demanded detailed information from Zhu about how 3AC went bankrupt and the whereabouts of its assets. During the two-day hearing, Zhu provided the necessary explanations to the court. The report noted that detailed information remained confidential due to the proceedings’ private nature.

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