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3AC co- found er Su Zhu has been placed at Changi Prison in Singapore after the liquidators informed the police he’s heading to the airport. In a bold move by liquidators, Su Zhu, co-founder of Three Arrows Capital, found himself behind bars in Singapore, an outcome of an escalated effort to pinpoint the dissipated assets of the unsuccessful crypto hedge fund. The enforced action came shortly after a Singapore court endorsed a four-month jail sentence due to Zhu’s non-compliance with the fund’s dissolution process. Upon gaining insight on Sept. 29 that Zhu was en route to Changi Airport, liquidators informed the police, according to Bloomberg sources, who wished to remain anonymous due to the private nature of the information. Zhu, renowned for hosting crypto executives at his opulent Yarwood residence, had been under the vigilant watch of the liquidators while in Singapore. Zhu’s detainment transpired at the terminal, following a tip to the police that he might ...

The crypto -verse has been busy dealing with the bears and missing found ers of failed projects. The downfall of Terra occurred several months ago, yet, it continues to remain quite relevant. With the co- found er of the project Do Kwon , on the run, several continue to yearn for justice. Looks like justice would soon be served as South Korean authorities have managed to track down Kwon. The global manhunt for Kwon took several turns. From Singapore to Dubai, speculations about the Terra creator’s whereabouts had been flooding the ecosystem. However now, Kwon was confirmed to be residing in Serbia. As per a recent report from Chosun Media, South Korean authorities received information about the same. An official said, “Recently, we obtained intelligence that CEO Kwon was in Serbia, and it was found to be true.” South Korea’s Ministry of Justice is reportedly seeking investigative assistance from the Serbian government. While it is still unclear why...