Su Zhu, co-founder of Three Arrows Capital: I feel connected to my ancestors in prison

Author: Tom Mitchelhill, Cointelegraph; Compiler: Songxue, Golden Finance

Su Zhu, co-founder of collapsed hedge fund Three Arrows Capital, said he served nearly three months in a Singaporean prison He had "the best sleep of his life" during his sentence and said it was an "overall pleasant experience".

In a Jan. 22 post on X, Zhu reflected on his time in prison through some edited clips from an unreleased podcast that also featured 3AC ’s other co-founder Kyle Davies, OX social media manager who goes by the pseudonym “Lukas” and another unknown guest.

"Obviously, no one wants to go to jail, but I think overall it's a very pleasant experience," Zhu said. "In prison, all the things they allow you to do are still things that would have been considered entertainment in ancient times, right?"

"It's a very magical feeling that you feel connected to Your ancestors have a sense of blood connection, and this is the way I should live."

Zhu explained that there are no beds in Singaporean prisons, and sleeping on the floor makes His spine was decompressed, allowing him to experience the "best sleep" of his life.

Crypto users on X had mixed reactions to Zhu’s apparent philosophical insights.

Laurence Day, the founder of Wildcat Protocol, offered a wry take on Zhu’s insights, describing Zhu as being so “ultimately online” that only prison could afford him the luxury of walking on the beach with others. The same feeling of blood connection.

Zhu was arrested in Singapore in September last year as he tried to leave the country after a local court sentenced him to four months in prison for failing to cooperate with an investigation into the liquidation of 3AC.

3AC collapsed on June 16, 2022, when it failed to meet a series of borrowers’ margin calls. The resulting ripple effect cost its investors more than $3.5 billion, one of the largest hedge fund trading losses ever.

Shortly after the company collapsed, Zhu and Davies disappeared. Teneo, the company responsible for liquidating 3AC's assets, was forced to summon the two men via Twitter messages, as their exact locations remain unknown to relevant authorities.

While their exact locations remain a mystery, the pair have been active online, launching a new crypto exchange and bankruptcy claims platform called Open Exchange.

The couple's troubles are far from over, however, as Teneo seeks to recover $1.3 billion from the founders, claiming Zhu and Davies used investor funds to take on massive losses after their hedge fund went bankrupt. lever.

In September 2023, the Central Bank of Singapore issued a nine-year ban on Davies and Zhu because 3AC was accused of violating the country's securities laws.