Zhu Su talks about prison life: sleeps well and eats plenty of fruit.

czgsws

24-01-24 18:51

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Original title: "Crypto hedge fund co-founder Zhu Su said S'pore jail time was 'enjoyable' & had the 'best sleep' of his life"

Original author: Amber Tay, mothership.sg

Translated by: czgsws, BlockBeats

The co-founder of the failed cryptocurrency hedge fund Three Arrows Capital (3AC), Zhu Su, stated that he had the "best sleep" of his life during his three-month sentence in Singapore.

This 36-year-old man was initially sentenced to four months in prison, but was released early due to his good behavior and relevant regulations.

Experience the Joy of Ancestors

Zhu Su said in a video interview that his time in Singapore prison was "very pleasant".

"Obviously, no one wants to go to jail, but I think overall, this is actually a very enjoyable experience."

"It hasn't reached the level of strong recommendation yet, but I believe that if everyone experiences it once, it will definitely be beneficial."

He said that in prison he experienced "ancient entertainment activities" such as reading and doing push-ups.

"You can read any book you want, and prisoners will receive 'a lot of fruit' every few hours."

睡个好觉

translates to

Have a good sleep

in English.

"The quality of sleep is excellent."

Zhu Su said that the lights in his cell are turned off every night at 9:30 and are not turned back on until 5:30 in the morning. Without access to alcohol, caffeine, or the internet, he immediately falls asleep after the lights go out and enjoys the "best sleep" he has ever experienced in his life in prison.

Due to the lack of beds in the prison, he could only sleep on the floor. He said, "This is just like Japanese tatami, which is really good for relieving spinal pressure."

Zhu Su also described a "very magical feeling" during his time in prison, where he felt a "kinship" with his ancestors.

2023 September Arrested

According to Bloomberg, Zhu Su was arrested on September 29, 2023, at Changi Airport when attempting to leave the country. He was sentenced to four months in prison for failing to cooperate with 3AC's liquidation tasks, such as shutting down operations, selling assets, and repaying creditors.

Management consulting firm Teneo estimates that the total debt owed by SanJian Capital's creditors is approximately $3.3 billion, while liquidators are seeking to recover $1.3 billion from Zhu Su and his co-founder Kyle Davies.

The Monetary Authority of Singapore also imposed a nine-year ban on the two founders due to 3AC's violations, including risk management failures and providing false information.

Kyle Davies has been subjected to the same detention order as Zhu Su, but his current whereabouts are unknown.

Sanjian Capital was considered one of the largest and most successful cryptocurrency hedge funds before its collapse.