Three Arrows Capital Co-Founder Su Zhu Arrested in Singapore, Sentenced to Prison

Su Zhu, co-founder of Three Arrows Capital (3AC), a now-defunct crypto hedge fund, has been arrested at Singapore's Changi Airport and sentenced to four months in prison for failing to cooperate with the liquidation investigation. Another co-founder, Kyle Davies, is also facing arrest and imprisonment, with his whereabouts currently unknown. 3AC, which once managed $10 billion in assets, filed for Chapter 15 bankruptcy in July 2022, causing disruptions in the crypto market.