Su Zhu
Co-founder of the Singapore crypto hedge fund Three Arrows Capital (3AC), which collapsed in 2022 owing creditors ~$3.5B. Singapore's MAS banned him for nine years; he was jailed four months in 2023 for failing to cooperate with liquidators and arrested at Changi Airport.
Also known as: Zhu Su
Bio
Su Zhu (Zhu Su) co-founded Three Arrows Capital (3AC) with Kyle Davies in 2012. Once one of the largest crypto hedge funds, 3AC used heavy leverage and imploded in mid-2022 after the Terra/LUNA crash, ordered into liquidation by a BVI court and owing creditors roughly $3.5 billion — a collapse that cascaded into Voyager, Genesis, BlockFi, and others. [1][2]
Status
3AC was not a fraud prosecution, but: Singapore's MAS issued nine-year prohibition orders against Zhu and Davies (Sept 2023) and reprimanded 3AC for providing false information. After the founders failed to cooperate with liquidators, a Singapore court sentenced Zhu to four months for contempt; he was arrested at Changi Airport on Sept 29, 2023 while trying to leave. Liquidators sought to recover ~$1.3B from the pair. [1][2]
Bracketed numbers refer to the numbered sources listed below.
Sources (2)
- Three Arrows co-founder Zhu Su arrested at Changi Airport, sentenced to 4 months — The Business Times
- Three Arrows Capital (overview) — Wikipedia
See also
Luke BelmarIndividualsCryptocurrency influencer Luke Belmar (@lukebelmar on X) became the subject of controversy following allegations related to the promotion of a memecoin. Critics on social media alleged that Belmar used a series of posts referencing a forthcoming cryptocurrency project and a large-scale airdrop to generate interest in a token without explicitly identifying a specific contract address. Belmar published multiple posts discussing an upcoming memecoin, describing plans for what he characterized as a major airdrop and making comparisons to other cryptocurrency projects. Because no contract address was publicly provided, several tokens emerged claiming association with his statements. Critics alleged that this ambiguity enabled speculation around multiple tokens while avoiding a direct endorsement of any particular asset.
- Donald BasileIndividualsFounder behind Bitcoin Latinum (LTNM). The SEC charged him in 2026 with defrauding investors of ~$16M by falsely claiming the token was insured and asset-backed, and misappropriating funds for personal use (including a $160,000 horse).
This page was last updated on Jun 15, 2026. View revision history.