Three Arrows Capital (3AC) co-founder Su Zhu is set to be released by the end of the year after facing a grilling in a Singapore court, according to a report. Zhu, a well-regarded figure in the cryptocurrency industry, was reportedly called in for questioning by the court over the custody of $19.7 million worth of bitcoin (BTC). The court allegedly sought clarification on the nature of the funds, their source, and their purpose. Zhu was able to provide the required information satisfactorily, leading to his impending release. The details surrounding the case and the reason for the court’s involvement remain unclear.
Su Zhu is known for his involvement in the crypto investment fund, Three Arrows Capital, which manages a significant amount of assets in cryptocurrencies. He is regarded as a prominent figure in the industry, with expertise in trading and investment strategies. Zhu’s release from questioning is expected to bring about relief for the industry, as he has played a pivotal role in shaping the landscape of crypto investments.
While the specific details of the court proceedings remain undisclosed, it is positive news to hear that Su Zhu is set to be released soon. His expertise and contributions to the crypto industry have been highly regarded, and his absence would have been felt. As the industry continues to grow and evolve, it is crucial to have individuals like Su Zhu who can provide invaluable insights and guidance. As we await further details, the crypto community can breathe a sigh of relief knowing that one of its key figures will soon be back in action.
