Singapore jails crypto fund co-founder Su Zhu

One of the co-founders of collapsed cryptocurrency hedge fund Three Arrows Capital has been apprehended in Singapore and jailed for four months. The Singapore-based company filed for bankruptcy last year when its fortunes suffered a sharp decline after a massive sell-off of assets it had bet on as prices nosedived in crypto markets. Su Zhu was detained at Singapore’s Changi airport while trying to leave the city-state, Three Arrows’ liquidator Teneo said in a statement late Friday.