Singapore: Three Arrows founder's arrest in the Lion City marks yet another downfall of a crypto highflyer

Three Arrows Capital co-founder Su Zhu has been arrested and jailed in Singapore. - PHOTO: ZHU SU/TWITTER

SINGAPORE: The arrest of Three Arrows Capital co-founder Su Zhu in Singapore on Friday was yet another example of the dramatically declining fortunes of formerly highflying crypto founders around the world.

Three Arrows once ranked among the largest and most successful crypto-native hedge funds, and its charismatic and often deliberatively provocative co-founders appeared to revel in the attention they attracted.