3AC's Su Zhu to be released, faces Singapore court proceedings: Bloomberg
Su Zhu, co-founder of the now-defunct crypto hedge fund Three Arrows Capital (3AC), is set to be released this month following his arrest in September for not cooperating with liquidation efforts, Bloomberg reported, citing sources familiar with the matter. The hearing requires him to respond to lawyers for liquidator Teneo for the first time as it seeks to gather information on behalf of creditors owed $3.5 billion following 3AC’s collapse last year.
The proceedings are a civil matter, and Zhu hasn’t faced any criminal charges in Singapore. Zhu’s legal representatives, the court, and Teneo did not respond to requests for comment from The Block. Su Zhu’s account began posting on X again on Dec. 1 for the first time since Sept. 29, simply writing “gm.” Zhu was apprehended at Changi Airport in Singapore in September while trying to travel out of the country. He was also sentenced to four months in prison but is set to be released this month based on standard provisions for good behavior, the Bloomberg sources said. However, he has not yet been apprehended, and his whereabouts remain unknown.
Source
https://t.me/Bitcoin_Crypto_Signals
