Expert in losing money Su Zhu says you can afford to lose $10k
Three Arrows co-founder Su Zhu says you can afford to lose $10k in the Western world because you’ll earn it back in salary.
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Three Arrows co-founder Su Zhu says you can afford to lose $10k in the Western world because you’ll earn it back in salary.
Read more (2 min) →Almost two years after its spectacular blow-up, Three Arrows co-founder Zhu Su has helpfully offered advice to Ethena on how to manage risk.
— 3AC, Kyle Davies
A remorseless Kyle Davies still insists he is innocent, but will not be returning to Singapore until his prison sentence is resolved.
— 3AC, Kyle Davies
Sleeping on a mat for four months in Singapore prison brings you "closer to your ancestors," Su Zhu claimed in an unreleased podcast.
— 3AC, Kyle Davies
According to a statement from 3AC’s liquidator, $1.4 billion in assets have been frozen while creditors are still owed around $3.3 billion.
In a two-day private hearing, Su Zhu took questions from lawyers representing Teneo, the firm tasked with liquidating 3AC.
Bankrupt crypto lender Genesis filed for $1B in claims against defunct crypto hedge fund 3AC and has agreed to settle for $33M.
The 3AC co-founder and his wife reportedly bought the property in December 2021 for $35 million but within a year were looking to sell it.
Police arrested Su Zhu at Singapore's airport and will now imprison him for four months as liquidators attempt to recover any 3AC assets.
Singapore regulator MAS has barred the 3AC founders from market activity following investigations into the failed crypto hedge fund.