The questioning was approved at court in the city-state earlier, the people said, after Zhu was arrested at the airport in Singapore on Sept. 29 and jailed for four months for failing to cooperate with the task of winding up Three Arrows. Zhu is set to be released this month based on standard provisions for good behavior, the people said.
Three Arrows Capital co-founder Su Zhu for the first time faced questioning in a Singapore court about the crypto fund’s collapse, giving liquidators their best chance yet to gather information as they seek to recoup billions of dollars for creditors.
The two-day court hearing this week required Zhu to respond to lawyers for the liquidator, Teneo, people familiar with the matter said. The lawyers sought details including how the fund failed and the whereabouts of assets, the people said, asking not to be named as the proceedings were private.
