Tao Yaqiong
Bankruptcies
Superyachts, Luxury Houses, And the Arrest Of The Crypto Hedge Fund Founder Su Zhu
Recent reports have confirmed the arrest of Su Zhu, co-founder of the now-defunct crypto hedge fund Three Arrows Capital (3AC), in Singapore. His detention came as a result of his refusal to comply with a Singapore court's directive to participate in the liquidation investigation. Consequently, Zhu faces a four-month incarceration. 3AC, once a beacon during the 2020-2021 crypto boom, eventually met its downfall like many of its contemporaries.
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