Three Arrows Capital co-founder Zhu arrested in Singapore airport, sentenced 4 months in jail

The hedge fund’s different co-founder Kyle Davies can be being referred to as for arrest and imprisonment

The liquidators behind Three Arrows Capital (3AC), the now-defunct crypto hedge fund, shared that the agency’s co-founder Su Zhu was arrested in Singapore on the Changi Airport whereas attempting to go away the nation.

Teneo, a monetary advisory agency controlling the liquidation and administration of affairs for the defunct crypto hedge fund, stated it obtained a “committal order” towards Zhu after he didn’t adjust to court docket orders to cooperate with the liquidation investigation. The order sentenced Zhu to 4 months in jail, based on an announcement.

The advisory agency added {that a} comparable committal order was granted towards the opposite 3AC co-founder Kyle Davies, who can be being referred to as for 4 month imprisonment. Davies whereabouts stay unknown, based on Teneo.

For context, the agency as soon as managed an estimated $10 billion in belongings and was a serious entity amongst crypto market gamers. In July 2022, 3AC filed for Chapter 15 chapter in New York.

The hedge fund’s prior insolvency compelled main crypto gamers to rearrange their operations and restrict buyer withdrawals amid a crypto selloff that appeared to catch loads of mega corporations off guard on the time, after the collapse of the Terra/LUNA mission.

Teneo didn’t instantly reply to a request for remark from starcrypto.