The post Crypto Tycoon Zhu Su Of Three Arrows Capital Nabbed In Daring Escape Attempt From Singapore appeared first on Coinpedia Fintech News
According to latest reports, the co-founder of the now-defunct crypto hedge fund Three Arrows Capital, was apprehended in an escape attempt from Singapore. This arrest was made amid growing concerns surrounding his former hedge fund and the recent launch of his crypto exchange, OPNX.
Zhu Su Is Sent To Prison For 4 Months
Zhu Su, the co-founder of the now-defunct cryptocurrency hedge fund Three Arrows Capital (3AC), faced arrest at Changi Airport as he tried to depart Singapore. Later that evening, 3AC’s joint liquidator, Teneo, informed The Business Times that the Singapore Courts had sentenced Zhu to a four-month prison term.
This sentencing stems from a committal order that Teneo secured against Zhu on Sep 25, citing his intentional non-compliance with a previous court directive. This directive mandated Zhu to collaborate with the liquidation
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