Three Arrows Co-Founder Su Zhu Faces Questioning in Singapore Court in Hunt for Assets: Bloomberg
Summary
Su Zhu, co-founder of the defunct crypto hedge fund Three Arrows Capital (3AC), faced questioning in a Singapore court as liquidators attempt to retrieve assets. Zhu was required to provide details on the fund's failure and asset locations. Zhu was jailed in September after failing to assist with winding up 3AC and is due to be released this month. 3AC filed for Chapter 15 bankruptcy in 2021 after suffering losses due to the collapse of stablecoin issuer Terra. Liquidators have reportedly sought $1.3 billion from the bankrupt fund's co-founders.
