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Alternative Market Briefing

Fugitive hedge fund founder captured in Singapore
Monday, October 02, 2023

Bailey McCann, Opalesque New York:

Su Zhu, a founder of the cryptocurrency fund Three Arrows Capital, was arrested on Friday in Singapore while trying to leave the country, according to reports from the firm's liquidators.

Three Arrows filed for bankruptcy after the meltdown in cryptocurrencies. Mr. Zhu and his associate Kyle Davies are alleged to have failed to cooperate with the company's liquidators. Both men are sentenced to four months in prison. The location of Mr. Davies remains unknown.

According to a CNBC report......................

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