Singapore’s Court Investigates 3AC’s Co-Founder

The Co-Founder of the collapsed crypto fund Three
Arrows Capital (3AC), Su Zhu, has faced questioning in a court in Singapore.
This investigation, as reported by Bloomberg, marks a significant step in the
search for answers by liquidators seeking to recover $3.3 billion for
creditors.

This interrogation, which was conducted for two
days, sought to unravel the mysteries surrounding the collapse of 3AC and the
whereabouts of its assets. The liquidators have accused Zhu and his Co-Founder, Kyle Davies, of obstructing investigations, aiming to recover $1.3 billion from
the duo.

Zhu’s interrogation, orchestrated by lawyers
representing the liquidator Teneo, delved into the failure of the fund and the
loss of customers’ assets. Despite the private nature of the proceedings, the
media publication reported, citing insiders, that Zhu’s detainment in September
played an important role in these court inquiries.

Expect ongoing updates as this story evolves…

The Co-Founder of the collapsed crypto fund Three
Arrows Capital (3AC), Su Zhu, has faced questioning in a court in Singapore.
This investigation, as reported by Bloomberg, marks a significant step in the
search for answers by liquidators seeking to recover $3.3 billion for
creditors.

This interrogation, which was conducted for two
days, sought to unravel the mysteries surrounding the collapse of 3AC and the
whereabouts of its assets. The liquidators have accused Zhu and his Co-Founder, Kyle Davies, of obstructing investigations, aiming to recover $1.3 billion from
the duo.

Zhu’s interrogation, orchestrated by lawyers
representing the liquidator Teneo, delved into the failure of the fund and the
loss of customers’ assets. Despite the private nature of the proceedings, the
media publication reported, citing insiders, that Zhu’s detainment in September
played an important role in these court inquiries.

Expect ongoing updates as this story evolves…