Three Arrows Capital: Su Zhu Grilled in Singapore Court
As the repercussions of Three Arrows Capital ’s collapse echo through the crypto industry, co-founder Su Zhu has entered the legal light in a Singapore court for the first time. The two-day court hearing, directed by liquidators from Teneo, signifies a critical point in their endeavors to reclaim billions of dollars in lost funds and gather crucial insights into the hedge fund’s downfall. In the recent proceedings, attorneys representing the liquidator probed Su Zhu on various aspects. It delves into the circumstances leading to the fund’s failure and seeks information about the current location of its assets. The court-sanctioned questioning unfolded following Zhu’s arrest at Singapore’s airport on Sept. 29, resulting in a 4-month imprisonment due to his failure to cooperate with the task of winding up Three Arrows. Zhu is expected to be released this month based on standard provisions for good behavior. Also Read: 3AC Liquidators Ask Judge to Compel Co-founder’s Cooperation