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After disgraced crypto entrepreneur’s ‘enjoyable’ Singapore prison experience, focus turns to exchange in Hong Kong

  • Three Arrows Capital co-founder Su Zhu was arrested in Singapore last September for a three-month sentence that he described as an ‘enjoyable experience’
  • Zhu has since started a new crypto exchange called OPNX with former Three Arrows co-founder Kyle Davies, with an office registered in Hong Kong

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After the collapse of Three Arrows Capital, co-founder Su Zhu was arrested in Singapore in September for failing to cooperate with investigations into the crypto hedge fund. Photo: Shutterstock
Su Zhu, co-founder of collapsed cryptocurrency hedge fund Three Arrows Capital, described his prison time as “enjoyable” after being freed last month, as the disgraced entrepreneur moves on to promote a new exchange with links to Hong Kong.
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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.

“Obviously no one wants to go to prison,” Zhu said in the clips, which he said are part of an upcoming podcast. “But I think that it’s actually a really enjoyable experience overall.”

Although he is “not to the point of highly recommending it per se … it’s something that if everyone got to experience once, I think it’s definitely good for you,” Zhu said.

Su Zhu (top right), co-founder of collapsed cryptocurrency hedge fund Three Arrows Capital, describes his “enjoyable” experience in a Singapore prison after his September 2023 arrest in a podcast recording in January 2024. Photo: X / SCHIZO_FREQ
Su Zhu (top right), co-founder of collapsed cryptocurrency hedge fund Three Arrows Capital, describes his “enjoyable” experience in a Singapore prison after his September 2023 arrest in a podcast recording in January 2024. Photo: X / SCHIZO_FREQ

Among the benefits of his jail time were improved sleep, he added, owing to the mandatory lights-off time from 9.30pm to 5.30am and no access to the internet, alcohol or caffeine.

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