The hedge fund’s different co-founder Kyle Davies can be being referred to as for arrest and imprisonment
The liquidators behind Three Arrows Capital (3AC), the now-defunct crypto hedge fund, shared that the agency’s co-founder Su Zhu was arrested in Singapore on the Changi Airport whereas making an attempt to depart the nation.
Teneo, a monetary advisory agency controlling the liquidation and administration of affairs for the defunct crypto hedge fund, stated it obtained a “committal order” in opposition to Zhu after he didn’t adjust to courtroom orders to cooperate with the liquidation investigation. The order sentenced Zhu to four months in prison, in line with an announcement.
The advisory agency added {that a} related committal order was granted in opposition to the opposite 3AC co-founder, Kyle Davies, who can be being referred to as for four month imprisonment. Davies’ whereabouts stay unknown, in line with Teneo.
For context, the agency as soon as managed an estimated $10 billion in belongings and was a significant entity amongst crypto market gamers. In July 2022, 3AC filed for Chapter 15 chapter in New York.
The hedge fund’s prior insolvency pressured main crypto gamers to rearrange their operations and restrict buyer withdrawals amid a crypto sell-off that appeared to catch loads of mega companies off guard on the time, after the collapse of the Terra/LUNA challenge.
Teneo didn’t instantly reply to a request for remark from Ztoog.