As an ongoing quest to recover billions of dollars in assets continues, 3AC liquidators have questioned Su Zhu in court. Su Zhu, the CEO of Singapore-based hedge fund Three Arrows Capital, is under scrutiny due to his alleged involvement with the cryptocurrency exchange Bitfinex and the stablecoin Tether, both of which are connected to the missing funds.
The liquidators are tasked with the recovery of assets for the benefit of creditors following the collapse of a New Zealand-based company, Cryptopia. They are reportedly examining whether Su Zhu and 3AC had any knowledge or involvement in the alleged misappropriation of funds. Hence, the crypto world is closely following these developments, as the outcome could potentially have far-reaching implications for the broader industry.
