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Three Arrows Zhu Back in Court After Four-Month Jail Stint!

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Author: Mustafa Mulla

Mustafa has been writing about Blockchain and crypto since many years. He has previous trading experience and has been working in the Fintech industry since 2017.

Su Zhu, co-founder of collapsed crypto fund Three Arrows Capital, faced questioning in a Singapore court this week over the firm’s collapse. Zhu was arrested in September for failing to cooperate with the winding-up process and spent four months in jail. Lawyers for liquidator Teneo sought details on how the fund failed and the whereabouts of assets during the two-day hearing. Zhu and co-founder Kyle Davies are accused of failing to cooperate with the probe, and Teneo is seeking to recover $1.3 billion from the pair. Three Arrows imploded in 2022 as leveraged bets blew up, sparking a $2 trillion crypto rout. Davies’ whereabouts are unknown, and Teneo is in contact with authorities around the world to locate him. Zhu and Davies have not faced criminal charges in Singapore.

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