Su Zhu, a co-founder of the now-defunct crypto hedge fund Three Arrows Capital (3AC), was arrested in Singapore on September 29, 2023. Zhu had been on the run since June 2022, when 3AC filed for bankruptcy after losing billions of dollars in the Terra ecosystem collapse. Zhu was arrested at Changi Airport as he was attempting to leave the country. He is facing charges of failing to cooperate with liquidators and of providing false information to the Monetary Authority of Singapore. Zhu's arrest is a significant development in the case of 3AC's collapse.