Singapore police tipped of to detain 3AC founder Su Zhu by liquidators
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 ...