In a recent turn of events, Su Zhu, a co-founder of the now-bankrupt Three Arrows Capital , faced arrest in Singapore. This event marks another chapter in the downfall of prominent figures from the previous crypto industry boom. The 36-year-old Singaporean co-founder, Su Zhu , was apprehended at Changi Airport while attempting to leave the country. Singaporean courts had issued a "committal order" against him on September 25 , citing his deliberate failure to cooperate with Teneo , the court-appointed joint liquidators overseeing Three Arrows Capital Ltd. 's bankruptcy. As a consequence, Zhu was sentenced to four months' imprisonment. A similar order was granted for the other co-founder of Three Arrows, Kyle Davies , whose whereabouts are currently unknown. Photo by: STRF/STAR MAX/IPx 2021 Earlier this month, the Monetary Authority of Singapore barred both Zhu and Davies from engaging in regulated investment activities for a period of nine years. Su Zhu
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