Singapore police responded to rumors of Su Zhou’s arrest

In response to the Reuters news agency’s question about the arrest of Su Zhu, managing director of hedge fund Three Arrows Capital, Singapore police said today that they arrested a 36-year-old man at Changi Airport on September 29. . Police did not release the man’s name and declined to answer further questions from Reuters. At this time, it is still unclear whether Su Zhou has been arrested or not.

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Kyle Davies, another co-founder of Three Arrows Capital (3AC), is still on the run and his whereabouts have not yet been discovered. Both founders have been sentenced to four months in prison for not appearing in court. Terry Arrows Capital, once one of the biggest hedge funds in the cryptocurrency market, has lost billions in 2021 and 2022 after making several bad investments and now owes its creditors about $2.8 billion. Kyle Davis and Su Zhou have been on the run for over a year.

Source: CoinDesk