Su Zhu Arrested in Singapore
On September 29, Su Zhu, the co-founder of Three Arrows Capital (3AC), was arrested in Singapore for allegedly failing to cooperate with authorities. This development has raised questions about the future of Zhu’s crypto holdings and the impact on his financial situation.
Zhu’s Crypto Holdings
An analysis conducted by Arkham Intelligence reveals that Su Zhu holds significant amounts of stETH and ETH in his known addresses. As of now, he has 64.094 stETH tokens valued at $107,200 and 13.238 ETH valued at $22,130. These holdings represent the majority of his crypto assets.
Recent Transactions and Withdrawals
Despite his arrest, Zhu’s known addresses have been receiving multiple undisclosed transactions in ETH from Friend Tech’s wallets, each worth around $50. Additionally, examining the historical data spanning 1,607 days, it is evident that Zhu made 62% of his crypto deposits on Coinbase and 15% on Binance. However, when it comes to withdrawals, 80% were from Binance and 14% from OKX.
Hot Take: The Future of Su Zhu’s Crypto Holdings
With Su Zhu’s arrest and the uncertainty surrounding his cooperation with authorities, there are concerns about the fate of his crypto holdings. The significant amounts of stETH and ETH he possesses could potentially be subject to legal proceedings or other financial implications. It remains to be seen how this situation will unfold and whether it will have broader consequences for Three Arrows Capital.
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