Three Arrows Co-Founder Su Zhu Questioned in Court Over Fund's Collapse

Liquidators seek to recoup billions as Zhu is set to be released from jail this month.

Three Arrows Capital co-founder Su Zhu faced questioning in a Singapore court about the crypto fund’s collapse, as liquidators seek to recoup billions of dollars for creditors.
Zhu was arrested at the airport in Singapore on September 29 and jailed for four months for failing to cooperate with the task of winding up Three Arrows.
Zhu is set to be released this month based on standard provisions for good behaviour.
Liquidators have accused Zhu and the fund’s other founder, Kyle Davies, of failing to cooperate meaningfully with their probe and are seeking to recover US$1.3 billion from the two men.
Three Arrows imploded in 2022 as leveraged bets blew up, stoking a US$2 trillion crypto rout as well as a spate of other collapses in the sector.