{"id":85175,"date":"2023-09-29T17:31:48","date_gmt":"2023-09-29T14:31:48","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=85175"},"modified":"2025-09-12T21:42:57","modified_gmt":"2025-09-12T18:42:57","slug":"media-3ac-co-founder-detained-at-singapore-airport","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/media-3ac-co-founder-detained-at-singapore-airport\/","title":{"rendered":"Media: 3AC co-founder detained at Singapore airport"},"content":{"rendered":"

Authorities in Singapore detained the co-founder of the bankrupt hedge fund Three Arrows Capital (3AC), Su Zhu, as he attempted to leave the country, The Business Times<\/a> reports.<\/p>\n

According to the publication, this occurred on September 29 at Changi Airport. A few days earlier, Teneo, the liquidators handling 3AC, had sought to impose measures against him for ‘willful refusal’ to comply with a court order to cooperate with the investigation.<\/p>\n

The firm said the court sentenced Su Zhu to four months in prison. Journalists reported that a similar order was issued for Kyle Davies, the other co-founder of the hedge fund. His whereabouts are unknown.<\/p>\n

In July, Teneo indicated the possibility of approximately $1.2 billion<\/a> being returned in court proceedings from Digital Currency Group and BlockFi. Prior to that, 3AC’s liquidators filed a lawsuit against Su Zhu and Kyle Davies seeking to recover $1.3 billion<\/a>.<\/p>\n

In May 2022, after the collapse of the cryptocurrency market<\/a> and the Terra collapse<\/a>, there were reports of possible insolvency of Three Arrows Capital<\/a>.<\/p>\n

At the end of June, the British Virgin Islands ordered the liquidation<\/a> of the hedge fund. In July, 3AC filed for bankruptcy<\/a> in a New York court. According to Nansen, the organization managed assets totaling about $10 billion.<\/p>\n

In September, the Monetary Authority of Singapore banned for nine years<\/a> the founders of Three Arrows Capital from engaging in regulated business activity in the country.<\/p>\n","protected":false},"excerpt":{"rendered":"

The co-founder Su Zhu of the bankrupt hedge fund Three Arrows Capital (3AC) was detained in Singapore as he attempted to depart the country.<\/p>\n","protected":false},"author":1,"featured_media":85176,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1162,946,1352],"class_list":["post-85175","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-court-cases","tag-singapore","tag-three-arrows-capital"],"aioseo_notices":[],"amp_enabled":true,"views":"26","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/85175","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=85175"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/85175\/revisions"}],"predecessor-version":[{"id":85177,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/85175\/revisions\/85177"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/85176"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=85175"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=85175"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=85175"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}