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<ul><li>Co-founder of Three Arrows Capital, Zhu Su sentenced to four months in Singapore prison.</li><li>A similar committal order was issued against co-founder Kyle Davies whose current location is unknown.</li><li>Teneo, the liquidator for 3AC, emphasized the priority of recovering assets and maximizing returns for creditors.</li></ul>Zhu Su, co-founder of the defunct cryptocurrency hedge fund Three Arrows Capital (3AC), was arrested at Changi Airport while attempting to leave Singapore on Friday afternoon. Following a court order that required him to cooperate with the liquidators&#39; investigations, Zhu has been <a href="https://www.businesstimes.com.sg/startups-tech/three-arrows-co-founder-zhu-su-arrested-changi-airport-sentenced-4-months-prison" rel="noopener noreferrer nofollow">sentenced</a> to four months in prison under a committal order granted by the Singapore Courts. The order demanded him to account for his activities as a co-founder and investment manager of 3AC.In a parallel development, a similar committal order with a four-month imprisonment term was granted against 3AC&#39;s other co-founder, Kyle Davies. However, Davies&#39; current whereabouts are unknown. The court order against Zhu allows the liquidators, represented by Teneo, to engage with him during his prison sentence, focusing on the recovery of assets belonging to 3AC or acquired using 3AC’s funds.Teneo, the joint liquidator for 3AC, emphasized their priority in recovering 3AC&#39;s assets and maximizing returns for creditors. They <a href="https://twitter.com/tier10k/status/1707759144554418558?t&#61;Hd67JgKEL4MpZol_5wneeg&amp;s&#61;19" rel="noopener noreferrer nofollow">stated</a> that they would actively pursue discussions with Zhu concerning matters related to 3AC and make necessary court applications as required. The liquidators have been unwavering in their commitment to adhering to the law and ensuring that justice is served.This development follows regulatory actions taken earlier this year. The Monetary Authority of Singapore (MAS) had issued nine-year <a href="https://cryptotale.org/mas-takes-stern-action-against-three-arrows-capital-executives/" rel="noopener noreferrer nofollow">prohibition orders against Zhu Su and Kyle Livingston Davies</a>, former executives of Three Arrows Capital. These orders were a consequence of multiple financial regulation breaches, including failure to notify MAS about employment changes and providing false information.Read full article at <a href="https://cryptotale.org/bankrupt-three-arrows-capital-founder-arrested-at-singapore-airport/" rel="noopener noreferrer nofollow">CryptoTale.</a>

Bankrupt Three Arrows Capital Founder Arrested at Singapore Airport

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