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Soon-to-be-released Su Zhu faces lawyers in Singapore court

In a two-day private hearing, Su Zhu took questions from lawyers representing Teneo, the firm tasked with liquidating 3AC.

Genesis settles with 3AC to pay 96.7% less than the $1B it claimed

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.