PANews News on October 11, according to Lianhe Zaobao, Zhu Su, the founding executive of cryptocurrency hedge fund Three Arrows Capital who was arrested at Singapore Changi Airport earlier, has been arrested and imprisoned for handling Three Arrows Capital. Teneo, a liquidation consultancy, reported to the police and exposed Zhu Su's whereabouts. Kyle Davies, another founding executive of Three Arrows Capital, is still missing.
An anonymous source said that the liquidators had been monitoring Zhu Su’s movements in Singapore and knew that he held parties at his high-end bungalow on Yarwood Avenue and invited crypto industry executives. On September 29, the liquidator discovered a car driving from the bungalow to Singapore Changi Airport and reported to the police that Zhu Su might be in the car.
People familiar with the matter also said that the liquidator will seek permission to visit Zhu Su in Changi Prison to obtain information on Three Arrows Capital-related assets. If Jusu refuses to meet, the liquidators may take further steps to enforce compliance.