- Three Arrows Capital co-founder Su Zhu is set for release for good behavior.
- Zhu faced questioning in a two-day hearing in a Singapore court, addressing the collapse of the crypto hedge fund.
- The legal proceedings between Zhu and the liquidator’s representatives are characterized as a civil matter.
Co-founder Su Zhu of bankrupt hedge fund Three Arrows Capital is reportedly expected to be released this month based on standard provisions for good behavior.
Bloomberg: 3AC founder Zhu Su is set to be released this month based on standard provisions for good behavior. The two-day court hearing this week required Zhu to respond to lawyers for the liquidator, including how the fund failed and the whereabouts of assets.…— Wu Blockchain (@WuBlockchain) December 13, 2023
As reported by Bloomberg, Zhu faced questioning in a Singapore court about the fund’s collapse in a two-day court for the first time. The hearing required Zhu to respond to lawyers for Teneo, the liquidator for the bankrupt crypto hedge fund.
The court session aimed to gather crucial details about the fund’s failure and the location of its assets. According to Bloomberg, this inquiry pr…
The post 3AC’s Su Zhu To Be Released; Faces Questions on Fund’s Collapse appeared first on Coin Edition.