Su Zhu, Co-Founder of Three Arrow Capital and OPNX, Arrested in Singapore
Su Zhu, the co-founder of the hedge fund Three Arrow Capital (3AC) and crypto exchange OPNX, has been apprehended in Singapore. This news has been met with celebration by some members of the crypto community.
The Arrest
According to the Business Times, Su Zhu was arrested at Changi Airport as he was attempting to leave Singapore. Teneo, the liquidators for 3AC, confirmed that he is facing a four-month prison sentence.
Committal Order
The arrest was made possible after the Singapore Courts issued a committal order authorizing the police to arrest Zhu and sentence him to four months in prison. A similar order has also been issued for another 3AC co-founder, Kyle Davies, but he has yet to be located.
Rejoicing Community Members
Many consider Su Zhu to be one of the biggest crypto fraudsters, so his arrest has brought joy to community members. Some have even taken the opportunity to mock Zhu on social media platforms.
Mocking Zhu’s Instagram Story
ZachXBT, an on-chain sleuth, shared a screenshot of a beach photograph from Zhu’s latest Instagram story. Community members didn’t miss the chance to make sarcastic comments about it. One Twitter user wrote: “Well he can still print it and put it on the jail wall.”
Hot Take: Su Zhu’s Arrest Brings Satisfaction to the Crypto Community
The arrest of Su Zhu, co-founder of Three Arrow Capital and OPNX, in Singapore has been met with satisfaction by many members of the crypto community. Considered one of the biggest crypto fraudsters, Zhu’s apprehension is seen as a victory for those who have criticized his actions in the industry. The community has even taken to social media to mock Zhu, highlighting his current predicament. This arrest serves as a reminder that fraudulent activities will not go unnoticed or unpunished in the crypto space.
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