Hedge fund founder Zhu Su’s X account tweeted “A comeback on the horizon” early this morning. According to the latest report from Bloomberg, Zhu Su attended a court hearing last week and, based on good behavior standards, he may be released this month.
Background:
Breaking News: Zhu Su arrested in Singapore! Refused to cooperate with Three Arrows Capital liquidation, sentenced to 4 months in prison.
Zhu Su, the founder of Three Arrows Capital, who was arrested on September 29th at Singapore Changi Airport and sentenced to 4 months of imprisonment, has recently been active in wallets and social communities related to him. This morning, his X (Twitter) account tweeted:
The tweet did not provide any further explanation, but according to a report from Bloomberg last week, Zhu Su faced a hearing in Singapore court for the first time, providing a good opportunity to gather information during the legal process of recovering billions of dollars for creditors on behalf of the liquidators of Three Arrows Capital (3AC).
Insiders say that the hearing required Zhu Su to respond to Teneo’s lawyers, the liquidators, on how Three Arrows Capital went bankrupt and the whereabouts of its assets. It is worth noting that the report also mentioned that Zhu Su will be released this month based on good behavior standards, so perhaps the tweet above is referring to his imminent release from prison.
Zhu Su’s wallet in action, OX dances along
On the other hand, OX, the governance token of the cryptocurrency debt exchange OPNX founded by Zhu Su, also surged over 15% within 15 minutes of the article’s release, exceeding $0.015 from $0.013.
However, at the time of writing, the price has quickly fallen back, currently reporting $0.0137, almost giving back all the gains from this morning.
How does OPNX respond?
Currently, the official response from OPNX regarding Zhu Su’s tweet has not been given. However, last week, the exchange retweeted Zhu Su’s tweet that stated, “What doesn’t kill me makes me stronger,” and responded:
Related reports
Singapore imposes 9-year ban on Three Arrows Capital’s Zhu Su and Kyle Davies! Prohibited from participating in the capital market.
Heavy fine of $2.7 million! Dubai targets Three Arrows’ Zhu Su, OPNX operated illegally.
Why does Charlie Munger hate cryptocurrencies? Let’s review the foul language he used against Bitcoin.
Tags:
OPNX
Zhu Su
Three Arrows Capital