Who is Su Zhu?

Su Zhu, a founder of the cryptocurrency fund Three Arrows Capital, was arrested on Friday in Singapore while trying to leave the country, the liquidators of the company said. Mr. Zhu, 36, was arrested at Changi Airport, the liquidators said.

How much does Zhu Su owe to 27 companies?

The bankrupt firm owes $3.5 billion to 27 companies, as per court documents. Zhu Su, the founder of the bankrupt crypto hedge fund firm, Three Arrows Capital (3AC), has broken the silence today, tweeting for the first time since five months after things went south for the company.

What happened to 3AC in 2022?

In July 2022, 3AC in New York. The hedge fund’s prior insolvency forced major crypto players to rearrange their operations and limit customer withdrawals amid a crypto selloff that seemed to catch plenty of mega firms off guard at the time, after the collapse of the Terra/LUNA project.

What happened to Zhu & Davies after 3AC collapse?

For months after 3AC collapsed in June 2022, Zhu and Davies had been on the lam, ignoring pleas from lenders and creditors to whom they owed money, as well as their own liquidators. But in November, the duo suddenly reemerged on Twitter just minutes after the collapse of an even bigger crypto institution, FTX.