3AC co-founder Su Zhu set to be released by year-end after court grilling: Report

Three Arrows Capital co-founder Su Zhu has faced his first interrogation in a Singapore court and is reportedly set to be released soon.

Su Zhu, co-founder of bankrupt cryptocurrency lender Three Arrows Capital (3AC), is reportedly set to be released soon, after facing an extensive interrogation in a Singapore court, Bloomberg reported.

Zhu was arrested in Singapore in September 2023 when he attempted to flee the country after a local court sentenced him to four months of imprisonment. 3AC’s joint liquidator, Teneo, said at the time that Zhu was planning to assist on matters related to 3AC, and to help recover assets from the defunct firm.

According to Bloomberg’s Dec. 13 report, Zhu faced his first interrogation in Singapore this week, responding to Teneo lawyers in a two-day court hearing. Citing people familiar with the matter, Bloomberg said lawyers sought details about how the fund failed, and the whereabouts of assets. According to Bloomberg’s sources, Zhu is set to be released this month based on standard provisions for good behavior.

Read more

bitcoin
Bitcoin (BTC) $ 81,911.95
ethereum
Ethereum (ETH) $ 1,877.56
tether
Tether (USDT) $ 1.00
bnb
BNB (BNB) $ 587.23
xrp
XRP (XRP) $ 2.31
solana
Solana (SOL) $ 124.46
dogecoin
Dogecoin (DOGE) $ 0.166994
matic-network
Polygon (MATIC) $ 0.214107
chainlink
Chainlink (LINK) $ 13.08
shiba-inu
Shiba Inu (SHIB) $ 0.000012
nexo
NEXO (NEXO) $ 1.06
enjincoin
Enjin Coin (ENJ) $ 0.089553
cardano
Cardano (ADA) $ 0.715826