Singapore Police said a "36-year-old" man was arrested Sept. 29 at the Changi airport, responding to a Reuters query on the arrest of Su Zhu, one of the founders of bankrupt crypto hedge fund Three Arrows Capital (3AC).
Police did not reveal the name or provide further comment to Reuters. 3AC liquidator Teneo said last week that Zhu had been arrested, but city officials haven't fully confirmed the move yet.
The Singapore Police did not immediately respond to CoinDesk's request for comment.
3AC's other co-founder, Kyle Davies, remains at large and his location remains unknown. Both founders are the subject of a committal order sentencing him to four months' imprisonment due to failure to comply with a court order.
Once one of the crypto industry's premier funds, 3AC lost billions of dollars after a series of bad trades and investments across 2021 and 2022, leading to the fund shuttering and sending a ripple effect across the broader market. The fund now owes creditors some $2.8 billion - and both Davies and Zhu have seemingly been on the run from relevant authorities since last year.
UPDATE (Oct. 5, 10: 17 UTC): Adds comment disclosure in third graf.
The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is an award-winning media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. In November 2023, CoinDesk was acquired by Bullish group, owner of Bullish, a regulated, institutional digital assets exchange. Bullish group is majority owned by Block.one; both groups have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary, and an editorial committee, chaired by a former editor-in-chief of The Wall Street Journal, is being formed to support journalistic integrity.