Su Zhu, the Singapore-based co-founder of collapsed crypto hedge fund Three Arrows Capital, was detained at Changi Airport while allegedly trying to leave Singapore after a court order tied to the firm’s liquidation probe. According to reporting at the time, the arrest followed a committal order issued after Zhu failed to cooperate with liquidators investigating 3AC’s affairs, and the court sentenced him to four months in prison. The case matters because 3AC’s 2022 collapse was one of the most consequential failures in the crypto credit boom, triggering losses across lenders and trading firms and intensifying the sector’s liquidity crisis. Reporting also noted that Zhu’s co-founder, Kyle Davies, received a similar sentence but remained at large, underscoring how liquidators continued seeking cooperation from the firm’s founders as they tried to recover assets for creditors.

AI-generated background, compiled from web sources — not editorial content.

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