SINGAPORE, Sept 30 ― One of the co-founders of collapsed cryptocurrency hedge fund Three Arrows Capital has been apprehended in Singapore and jailed for four months, according to the company's liquidator.
Su Zhu was detained at Singapore's Changi airport while trying to leave the city-state, Three Arrows' liquidator Teneo said in a statement late yesterday. “The committal order granted by the Singapore Courts sentenced Mr Zhu to 4 months' imprisonment,” Teneo said. Singapore's monetary authority had banned the pair “from conducting regulated investment activity for nine years each”, Teneo said.
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