Three Arrows Capital founder Su Zhu arrested at Singapore airport

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Three Arrows Capital founder Su Zhu arrested at Singapore airport

Su Zhu, one of the founders of bankrupt Crypto hedge fund Three Arrows Capital, has been arrested at Singapore's Changi Airport in Singapore, Teneo said on Friday.

One of the men in the case will be in prison for four months under an arrest order if he did not comply with an order to cooperate with investigations into Three Arrows Capital, which filed for bankruptcy last year.

A similar order has also been granted for Zhu's co-founder, Kyle Davies, but his 'whereabouts remain unknown at this point in time, Teneo said.

Reuters was not immediately able to verify Zhu's arrest. A law firm representing Zhu and Davies' lawyers did not immediately respond to a request for comment. Singapore police did not immediately respond to a request for comment.

Three Arrows Capital was one of the first prominent cryptocurrency firms to collapse in 2022, following a steep sell-off in crypto markets.

In a November 2022 interview, Davies pushed back on claims from Teneo that he and Zhu were not cooperating with the liquidation process.

We have beencooperating whole the way, he told CNBC.