Su Zhu is a pivotal figure as the co-founder and head of Three Arrows Capital, an investment firm based in Singapore that focuses primarily on the cryptocurrency market.
6.0 /10
Su Zhu is a pivotal figure as the co-founder and head of Three Arrows Capital, an investment firm based in Singapore that focuses primarily on the cryptocurrency market.
Su Zhu, alongside Kyle Davies, established Three Arrows Capital, which today stands as a leading hedge fund in the cryptocurrency sector. They began their journey in a modest kitchen in Singapore back in 2012, where their friendship blossomed into a major financial venture that has since grown into a multi-billion dollar enterprise.
Having graduated with a mathematics degree with distinction from Columbia University, Zhu’s career began at Credit Suisse as a trader before he transitioned to entrepreneurship. He briefly worked as a trader for Deutsche Bank in Hong Kong in 2012 and also gained significant experience at Flow Traders in Singapore.
2023
At Singapore’s Changi airport, Su Zhu was detained, according to Teneo, who is overseeing the company's liquidation. The swift downfall of the hedge fund in 2022 triggered a second crypto market slump due to its connections in the sector. Zhu, along with his partner Kyle Davies, received a four-month prison sentence for not adhering to a court judgment.
In September, the Monetary Authority of Singapore prohibited Zhu and Davies from engaging in any capital markets activities for a duration of nine years. Earlier, in May, the pair drew negative attention from Dubai’s crypto authority for operating OPNX, a bankruptcy platform, without the necessary licenses. Additionally, Davies has disregarded subpoenas from a New York court concerning the closure of their hedge fund. Consequently, the new endeavor experienced a decline of 21%, and its total market cap fell to $40 million.coin Zhu took to Twitter to make a bold prediction for 2022, asserting that at least ten countries would recognize Bitcoin as legal tender. His optimism regarding Bitcoin’s potential stems from his belief that the network needs improvements to reduce transaction costs. Nevertheless, he maintains a positive outlook on cryptocurrencies, describing them as ‘one of the most significant mega-trends of our generation.’
2022
This year, Zhu has humorously engaged with his followers on social media by sharing tips on pest control, specifically targeting mosquitoes, which has amused many fans in the crypto community.Bitcoin in 2022. He hasn’t said much aboutEthereum Zhu’s newfound fascination with mosquitoes sparked a playful response from fans who joked about the term potentially representing an undisclosed crypto concept.
Zhu is expected to remain at the forefront of innovative projects and ventures. Earlier in 2022, Three Arrows Capital announced the orchestration of a private sale for Near Protocol, a competitor to Ethereum. Major crypto investment firms such as Dragonfly Capital, Jump, and Alameda participated in this round of funding, which successfully raised $150 million to advance the adoption of Web3 technology. Given his previous critiques of Ethereum, it’s likely that Zhu will continue to pursue and support solutions that address the network's fundamental challenges.
Su Zhu, a co-founder of the now-defunct cryptocurrency hedge fund Three Arrows Capital (3AC), has been arrested in Singapore.
He has been sentenced to four months for failing to comply with court orders regarding the fund's liquidation. Meanwhile, his fellow co-founder, Kyle Davies, remains unaccounted for.
