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$10 billion crypto hedge fund founder finds Singapore prison fun

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On January 22, Zhu reflected on his time in prison in a clip compiled from an unreleased podcast on social media platform X.

“Obviously no one wants to go to jail,” Zhu said. “But overall I think it’s a really enjoyable experience.”

According to Zhu, the facility’s lights will be turned off from 9:30 p.m. to 5:30 a.m. With no internet time and no alcohol or caffeine, he falls asleep quickly and wakes up as soon as the light comes on.

“I had the best sleep of my life in prison,” he added.

Zhu said it was difficult to get used to sleeping on a mat on the floor, but it gave him a “magical feeling”.

“I feel a closeness to my ancestors,” says Zhu. “Because this is what I was supposed to live like.”

Su Zhu – Former founder of cryptocurrency hedge fund Three Arrows Capital. Photo from X (Twitter).

Su Zhu, founder of virtual currency hedge fund Three Arrows Capital. Photo from X (Twitter).

While some X users praised Zhu’s comments as inspirational, others ridiculed him, with one calling his process “the craziest thing I’ve ever seen.” How to deal with it.”

At its peak in 2022, 3AC managed approximately $10 billion in assets, making it one of the most prominent crypto hedge funds in the world. CNBC.

The company filed for bankruptcy in mid-2022 after a combination of plummeting crypto prices and a particularly risky trading strategy wiped out its assets and left it unable to repay its lenders.

Mr. Zhu was arrested at Changi Airport in September last year as he attempted to leave Singapore after failing to cooperate with the liquidation investigation. He was released in December after serving three months in prison.

Since then, he has reportedly been focusing on a new project, a cryptocurrency exchange called OPNX, which he co-founded last April with Kyle Davis, another Three Arrows co-founder, and others. South China Morning Post.





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