Su Zhu detained at Changi Airport, Three Arrows Capital liquidation turmoil intensifies

According to media reports, Su Zhu, founder of Three Arrows Capital, was detained by authorities at Changi Airport in Singapore. The incident was reported by the liquidation advisory firm Teneo. The event occurred in late September 2024, over a year ago, but the complexity of the liquidation behind it continues to attract industry attention. Su Zhu, once a prominent leader in the crypto hedge fund space, now faces legal scrutiny due to asset disputes.

Liquidator Tracks Movement, House Parties Become a Breach

Teneo’s liquidators have been monitoring Su Zhu’s movements in Singapore. According to informed sources, they discovered that Su Zhu frequently hosted gatherings at his luxury residence on Yishun Avenue, entertaining high-level executives from the crypto industry. These activities provided clues for the liquidators.

At a critical moment in late September 2024, the liquidators observed vehicles leaving the luxury residence heading toward Changi Airport. They suspected Su Zhu might be traveling with the vehicles and immediately reported this to the Singapore police. The police subsequently took action at the airport and successfully detained Su Zhu.

Follow-up on the Report: Liquidators Plan to Force Meeting

Teneo’s liquidators have now applied for permission to visit Su Zhu at Changi Prison to obtain important information related to the assets of Three Arrows Capital. If Su Zhu refuses to cooperate with the meeting, the liquidation team stated they will take further legal measures to enforce compliance.

This reflects the complexity of the liquidation process — not only must the liquidators track down responsible individuals, but they also need to use legal means to ensure asset disclosure and recovery.

Kyle Davies Still Missing, Case Remains Unresolved

Unlike Su Zhu’s detention, another founder of Three Arrows Capital, Kyle Davies, remains missing. Industry speculation suggests he may have left Singapore, but his whereabouts are unknown. This adds to the difficulty of the liquidation efforts.

Su Zhu’s detention marks a new phase in this crypto asset liquidation saga. Subsequent meetings and information disclosures will directly impact the compensation progress for those affected by Three Arrows Capital.