Three Arrows Capital Co-founder Su Zhu arrested
Three Arrows Capital (3AC) co-founder Su Zhu has been arrested at Changi Airport while trying to travel out of Singapore following a committal order given by a Singapore court. Let us inform that this order has been given after efforts to recover funds for 3AC creditors after the collapse of $10 Billion of Hedge Fund in 2022 due to Terra Ecosystem Impulse. 3AC took highly leveraged long positions of certain
cryptocurrencies and was lent hundreds of millions of dollars from the crypto loan protocol. After this, Su Zhu was sentenced to 4 months imprisonment by the court and co-founder Kyle Davies was also given a similar order. After such an order, Zhu has been trying to escape and due to this attempt, Zhu has been arrested for contempt of court after failure to comply with the order given by the court.
