Three Arrow Capital’s Su Zhu was arrested in Singapore where he’ll serve a four month sentence. Meanwhile, Hong Kong and Macau police have arrested several further individuals and seized over $2.8 million in their investigation into the JPEX fraud case. In other news, the United States Securities and Exchange Commission has pushed back its decision on at least four spot ETF filings.
Three Arrows Capital (3AC) co-founder Su Zhu was arrested on Sep. 29 while allegedly trying to flee Singapore, according to Teneo, 3AC’s appointed liquidator who released a statement saying:
Hong Kong and Macau police seize over $2.8M related to JPEX fraud case
SEC delays spot Bitcoin ETF decisions