Su Zhu, co-founder of the now-defunct crypto hedge fund Three Arrows Capital (3AC), recently appeared in a Singapore court. This marked his first court appearance in connection with the liquidation of 3AC, as liquidators intensify their efforts to recover assets.
During a two-day hearing, Zhu was questioned by lawyers representing the liquidator Teneo. They sought detailed information about the fund's failure and the current whereabouts of its assets. The specifics of these court proceedings, however, remain private.
Zhu's court appearance follows his arrest in September for failing to assist in the wind-up of 3AC. Having been jailed for four months, he is expected to be released soon due to good behavior.
Three Arrows Capital filed for Chapter 15 bankruptcy in July last year, following significant losses incurred from the collapse of the stablecoin issuer Terra. Liquidators have reportedly been pursuing $1.3 billion from the bankrupt fund's co-founders.
Both Teneo and Su Zhu have maintained silence on the matter, with Teneo not responding to media inquiries and Zhu declining to comment via Telegram.
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