In an unexpected twist, Zhu Su, the co-founder of the now-failed crypto hedge fund Three Arrows Capital (3AC), revealed a rather peculiar sentiment about his three-month stint in a Singaporean prison.
Despite the initial four-month sentence (he was released early for good behaviour), Zhu found solace and even labeled his time behind bars as “enjoyable,” claiming that she sleep that he got in jail was amazing.
An Unexpected Perspective on Imprisonment
Zhu Su expressed his seemingly bizarre contentment with his prison experience, highlighting the incredible sleep he enjoyed due to the absence of alcohol, caffeine, and internet access.
In a promotional podcast video posted on X (formerly Twitter), Zhu referred to his time in prison as “really magical” and went as far as recommending it as a potentially beneficial experience for everyone.
Zhu described feeling a “kinship” with his ancestors during his stay in prison, suggesting an unusual connection to the past.
The co-founder mentioned experiencing activities reminiscent of “ancient days” entertainment, including reading and doing push-ups.
The Unique Perks of Singaporean Incarceration
Zhu Su highlighted the perks of his Singaporean prison, emphasizing the ample supply of fruits provided to inmates and the freedom to read extensively.
While sleeping on the floor might not sound appealing, Zhu compared it to a “Japanese tatami mat,” asserting its benefits for decompressing the spine.
The Legal Backdrop: Arrest and Sentencing
Zhu Su’s journey into the realm of peculiar prison experiences began with his arrest at Changi Airport on September 29, 2023, as he attempted to leave the country, as previously reported by Bloomberg.
The co-founder faced a four-month jail sentence for non-compliance with the winding-up process of 3AC, which involved closing operations, selling assets, and settling creditors.
With estimates suggesting creditors are owed approximately US$3.3 billion, liquidators aim to recover US$1.3 billion from Zhu Su and his co-founder Kyle Davies.
In addition to imprisonment, Singapore’s central bank imposed nine-year prohibition orders on both Zhu Su and Kyle Davies for various transgressions at 3AC, including risk management failings and providing false information.
While Zhu served his sentence, the current whereabouts of co-founder Kyle Davies remain unknown.
Three Arrows Capital had once been hailed as one of the largest and most successful crypto hedge funds before its sudden collapse, leaving a financial trail of uncertainties and legal consequences.
FULL VIDEO LOADING…
Source: @SCHIZO_FREQ on X