Su Zhu, co-founder of the defunct crypto hedge fund Three Arrows Capital (3AC), recently described his time in a Singapore prison as surprisingly positive. Released last month, Zhu shared video clips on X about his prison time. He characterized the experience as overall “enjoyable” and beneficial for sleep improvement. Zhu, arrested for non-cooperation in liquidation investigations, is now shifting focus to OPNX, a new crypto exchange with connections to Hong Kong.
Zhu, who was arrested in Singapore last September for failing to cooperate with investigations into the collapse of his crypto hedge fund, commended the prison experience in video clips he shared on Tuesday on X, formerly Twitter.
Three Arrows Capital, a major crypto hedge fund, collapsed in mid-2022 due to risky investments, triggering widespread impacts in the crypto market. Its co-founder, Su Zhu, faced legal issues in Singapore and was detained. Later transitioning to house arrest, Zhu’s sentence concluded in December. He has since pivoted to a new venture, OPNX, a crypto exchange co-founded with Kyle Davies and including Mark Lamb, previously of CoinFlex. OPNX, while operational in Hong Kong, hasn’t specified its headquarters or its compliance with Hong Kong’s crypto regulations.
OPNX, co-founded with other industry figures, has an office in Hong Kong but hasn’t detailed its compliance with the city’s new crypto regulations. Zhu’s candid reflections on prison life have garnered mixed reactions online.
