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.
