- Zhu disclosed that he has shifted attention from Three Arrows to a new project.
- Three Arrows Capital founder Su Zhu described his time in prison as an “enjoyable experience.”
- The founder said he had the best sleep of his life while in prison due to the mandatory lights-off.
Following his release from prison last month, Su Zhu, co-founder of the collapsed cryptocurrency hedge fund Three Arrows Capital, has given insights into his experience locked away in Singapore.
In the interview posted on social media platform X, Zhu described his time behind bars as a “really enjoyable experience.” While the founder said he wouldn’t go out of his way to recommend it, “it’s something that if everyone got to experience once, I think it’s definitely good,” he said.
According to the founder, one of the things that made his time in prison memorable was the mandatory sleep time. He said the lights-off times from 9:30 PM to 5:30 AM improved his sleeping habits. “I had the best sleep of my life in prison,” he said.
Furthermore, the founder, who was arrested in Singapore last September for failing to cooperate with authorities, said sleeping on the mat gave him a magical feeling. Additionally, he said the experience spurred a connection to his ancestors.
Su Zhu was one of the crypto founders who headlined the slew of institutional collapse that kickstarted the crypto winter. Following the Terra-Luna collapse, a series of risky leveraged investments bet and exposure caused an implosion within Three Arrows Capital. As a result, over $2 trillion was wiped off the market.
Following his release, Zhu disclosed he was done with Three Arrows and now plans to focus on a new project, a crypto exchange called Open Exchange (OPNX). The platform was created in April last year with Kyle Davies, another Three Arrows co-founder, and Mark Lamb, former CEO of defunct crypto derivatives exchange CoinFlex.
So far, the new crypto exchange is yet to be headquartered anywhere. However, it registered an office in Hong Kong’s central business district last May, a decision supported by its investors. According to reports, it is unclear whether the exchange is fully licensed to operate in the region.
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