Su Zhu, co-founder of Three Arrows Capital (3AC), faced rigorous questioning in a Singapore court regarding the crypto fund's collapse.
Liquidators from Teneo are seeking crucial details on the fund's failure and the current location of its assets, as part of their efforts to recover $1.3 billion for creditors.
Zhu's interrogation comes after his September arrest for non-cooperation in the winding-up process. He's expected to be released soon, subject to good behavior.
3AC's downfall in 2022 was a key factor in the $2 trillion downturn in the crypto market, with liquidators alleging Zhu and co-founder Kyle Davies’ lack of cooperation in investigations.