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Author: Tom Mitchelhill, Cointelegraph; Compiled by: Songxue, Bitchain Vision
Su Zhu, co-founder of the collapsed hedge fund Sanjiang Capital,He said that during his nearly three-month sentence in Singapore prison, he had “the best sleep of his life” and said it was a “overall pleasant experience”.
In a Jan. 22 post on X, Zhu reviewed his time in prison through a few editorial clips from an unpublished podcast that also included another co-founder of 3AC, Kyle Davies,OX social media manager named “Lukas” and another unknown guest.
“Obviously, no one wants to go to prison, but I think it’s been a very pleasant experience overall,” Zhu said.“In prison, all the things they allow you to do are still something that was considered entertainment in ancient times, right?”
“It’s a very magical feeling, you feel like you have a blood connection with your ancestors, and that’s how I should live.”
Zhu explained that there was no bed in a prison in Singapore, sleeping on the floor allowed his spine to be decompressed, allowing him to experience the “best sleep” of his life.
Crypto users on X responded mixed reviews to Zhu’s obvious philosophical insights.
Laurence Day, founder of Wildcat Protocol, made an ironic view of Zhu’s insights, describing Zhu as so “the ultimate line” that only prisons can give him the same blood-connected feeling as others walk on the beach.
Zhu was arrested in Singapore last September when he tried to leave the country after a local court sentenced him to four months in prison for failing to cooperate with the investigation into the 3AC liquidation.
3AC collapsed on June 16, 2022, when it failed to meet a series of margin requirements for borrowers.The resulting ripple effect has caused more than $3.5 billion in losses to its investors, is one of the largest hedge fund trading losses ever.
Zhu and Davies disappeared shortly after the company collapsed.Teneo, the company responsible for liquidating 3AC assets, was forced to subpoena the two through Twitter messages because their specific location remains unknown to the authorities.
Although their specific location remains a mystery, the duo has been active online, launching a new crypto exchange and bankruptcy claims platform called Open Exchange.
However, the couple’s trouble is far from over as Teneo tries to recover $1.3 billion from the founder, claiming Zhu and Davies took on a lot of leverage using investor funds after their hedge fund went bankrupt.
In September 2023, the Singapore Central Bank issued a nine-year ban on Davies and Zhu over 3AC allegations of violating the country’s securities laws.
