The liquidators behind Three Arrows Capital (3AC), the now-defunct crypto hedge fund, shared that the firm’s co-founder Su Zhu was arrested in Singapore at the Changi Airport while trying to leave the country. Teneo, a financial advisory firm controlling the liquidation and management of affairs for the defunct crypto hedge fund, said it got a […],
Crypto Hedge Fund Co-Founder Arrested at Singapore’s Changi Airport
In a shocking turn of events, Su Zhu, co-founder of Three Arrows Capital (3AC), a crypto hedge fund that has gone out of business, has been arrested in Singapore at the Changi Airport. This incident occurred when Zhu was attempting to leave the country.
The Liquidation Process
Teneo, a financial advisory firm responsible for overseeing the liquidation and management of affairs for 3AC, shared this startling news. As a result, the future of the defunct crypto hedge fund remains uncertain. Teneo has been actively handling the liquidation process and providing updates to the public.
Unanswered Questions
This arrest has raised numerous questions about the circumstances surrounding Zhu’s departure and the implications it may have for the crypto industry. The reason for Zhu’s arrest has not been disclosed, leaving the public to speculate about potential legal issues or regulatory concerns.
Awaiting Further Updates
As the investigation unfolds, the crypto community eagerly awaits additional information from Teneo and regulatory authorities. This incident serves as a reminder of the risks and uncertainties that still surround the crypto world, and highlights the need for transparency and accountability in the industry.
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Source: CoinDesk (https://www.coindesk.com/cryptocurrency-hedge-fund-su-zhu-arrested-singapore)
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