Three Arrows Founders’ $1 Billion in Assets Frozen by Court
- Co-founder Su Zhu was arrested in Singapore in September
- Three Arrows imploded last year as leveraged bets blew up
This article is for subscribers only.
Around $1 billion in assets belonging to the founders of cryptocurrency hedge fund Three Arrows Capital have been frozen by a British Virgin Islands court, according to the firm’s liquidator.
The court issued an order preventing co-founders Su Zhu and Kyle Davies, as well as Davies’ wife Kelly Chen, from transferring or selling assets worth up to $1.14 billion, the liquidator Teneo said in an emailed statement, adding that it estimates creditors are owed roughly $3.3 billion.