Su Zhu, co-founder of the now-defunct crypto hedge fund Three Arrows Capital (3AC), is slated for release later this month after spending several months in custody, Bloomberg reported on Dec. 13.
In September, Zhu got a four-month jail sentence due to non-cooperation in the liquidation process of the collapsed firm. As per the Bloomberg report, Zhu’s release is attributed to demonstrating good behavior during the period of custody.
3AC liquidators question Zhu
This development coincides with Zhu’s recent appearance in a Singaporean court, where lawyers from Teneo, the appointed liquidator for 3AC, questioned him on the reasons behind the firm’s failure and the whereabouts of its assets.
Teneo wants to reclaim $1.3 billion from Zhu and his partner, Kyle Davies, who is also wanted by the Singaporean authorities. Notably, the court-appointed liquidators have previously accused the co-founders of the bankrupt firm of being uncooperative and providing “selective and piecemeal discl
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