Crypto News- Su Zhu, the co-founder of the now-defunct hedge fund Three Arrows Capital (3AC), surprisingly reflects on his time behind bars in a Singaporean prison, claiming it was the “best sleep” of his life and an “enjoyable experience overall.” In a recent post on X (formerly Twitter), Zhu shared edited clips from an unreleased podcast featuring fellow 3AC co-founder Kyle Davies, OX social media manager “Lukas,” and an unidentified guest.
Su Zhu’s Surprising Revelation: Finding Enjoyment in a 3-Month Singapore Prison Stay
Despite acknowledging that nobody desires to be in prison, Zhu expressed a positive view of his incarceration, suggesting that the activities allowed in prison align with ancient forms of entertainment. He remarked, “It’s a really magical feeling; you feel a kinship with your ancestors; this is how I was supposed to live.” Zhu explained that Singapore jails lack beds, leading to him sleeping on the ground, which he claimed decompressed his spine and provided him with the “best sleep” ever.
Crypto users on X responded with mixed feelings to Zhu’s seemingly philosophical insights. Laurence Day, the creator of Wildcat Protocol, offered a sarcastic take, describing Zhu as “terminally online” and suggesting that only prison could offer the same sense of kinship as a casual walk on the beach for someone else.
Zhu’s legal troubles began in September 2023 when he was arrested in Singapore for attempting to leave the country after a local court sentenced him to four months in prison for failing to cooperate with an investigation into 3AC’s liquidation. The hedge fund collapsed on June 16, 2022, failing to meet margin calls and resulting in over $3.5 billion in losses for investors.
Following the collapse, Zhu and Davies went off the grid, prompting Teneo, the firm handling the liquidation of 3AC’s assets, to subpoena them through messages on X. Despite their physical locations remaining unknown, the duo resurfaced online, launching a new crypto exchange and bankruptcy claims platform named Open Exchange.
However, their challenges persist as Teneo seeks to recover $1.3 billion directly from the founders, alleging that Zhu and Davies engaged in significant leverage with investor funds after the hedge fund became insolvent. In September 2023, Singapore’s central bank issued nine-year prohibition orders to Davies and Zhu over alleged violations of the country’s securities laws at 3AC.