Singapore tip-off led to arrest of Three Arrows co-founder Zhu Su: Sources

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Singapore tip-off led to arrest of Three Arrows co-founder Zhu Su: Sources
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Prince Abdul Mateen is set to tie the knot in January 2024, according to the country’s media outlets.

One of the sources said liquidators had been monitoring Three Arrows' Zhu Su in Singapore, where he was known to host gatherings for crypto executives at his bungalow in Yarwood Avenue in Bukit Timah. - ZHU SU/X

The liquidators had been monitoring Zhu in Singapore, where he’s known to host gatherings for crypto executives at his luxury mansion in the upscale Yarwood neighbourhood, one of the people said. They then tracked a car traveling to the airport from the mansion, the person said. Three Arrows imploded in 2022 as leveraged bets blew up, stoking a US$2 trillion digital-asset rout that contributed to a spate of other collapses in the sector. Liquidators have accused Zhu and Davies of failing to cooperate meaningfully with their probe and are seeking to recover $1.3 billion from the two.

A committal order puts a person on a no-fly list, so Zhu would have likely been detained by immigration had he reached the checkpoint, the people said. Zhu has previously said that his and Davies’ good-faith efforts to cooperate with liquidators"was met with baiting.” In email correspondence submitted to a New York bankruptcy court by the liquidators, counsel to Davies and Zhu have said that court orders the liquidators have obtained are"baseless.”

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