Su Zhu, the co-founder of the defunct hedge fund Three Arrow Capital (3AC) and crypto exchange OPNX, has been jailed in Singapore.
Su Zhu has been one of the most controversial figures in the crypto industry. Some community members have celebrated the news.
Su Zhu Apprehended in Singapore
The Business Times reported that authorities arrested Zhu at Changi Airport as he attempted to leave Singapore. Teneo, the liquidators for 3AC, said that he faces a four-month prison sentence.
Learn more: How To Build a Loyal Crypto Community From Scratch
The arrest became feasible when the Singapore Courts issued a committal order, empowering the police officers to arrest Zhu and sentence him to four months of imprisonment. Authorities have also granted a similar order against another 3AC co-founder, Kyle Davies, but so far, they have been unable to track him down.
Many consider Su Zhu one of the biggest crypto fraudsters. Therefore, the news of his arrest has made community members rejoice.
On-chain sleuth ZachXBT shared a screenshot of a beach photograph in Zhu’s latest Instagram story. With this, the community members didn’t miss the chance to mock the 3AC co-founder. Regarding the photograph in Zhu’s Instagram story, an X (Twitter) user wrote:
“Well he can still print it and put on the jail wall.”
Go to Source to See Full Article
Author: Harsh Notariya
Tip BTC Newswire with Cryptocurrency
Donate Bitcoin to BTC Newswire
Donate Bitcoin Cash to BTC Newswire
Donate Ethereum to BTC Newswire
Donate Litecoin to BTC Newswire
Donate Monero to BTC Newswire
Donate ZCash to BTC Newswire
