Three Arrows founder gets restraining order against Arthur Hayes
Su Zhu, the founder of the 3ac (Three Arrows Capital), recently announced getting a Singapore restraining order against Arthur Hayes.
The 3ac founder appealed for the order over harassment in a Singapore court. Dated May 5, the restraining order restricts Arthur from using abusive, insulting, or threatening words.
In addition, the former BitMEX CEO is also prohibited from making any abusive, insulting, or threatening communication that can cause alarm, distress, or harassment.
For a while, Arthur has been aiming tweets at Su Zhu and Kyle Davies, a partner at 3ac. Most of these tweets have been used to ask for the 6 million dollars Zhu owes after the fund’s collapse in 2022.
Judge Sandra Looi Ai Lin from the Harassment Court states that Arthur isn’t permitted to interact with Su Zhu via any means. Moreover, the judge restricts the former BitMEX CEO from posting any identifying information as well. This ruling can be served to Arthur via Twitter, as per the order.
Such instances have been a part of the controversial careers led by Zhu and Arthur in the crypto market. However, after the collapse of 3ac, Zhu started a domino effect across the crypto industry. Similarly, Arthur also struggled with a sentence resulting in a 6-month home detention after pleading guilty to not integrating AML checks at the exchange.
According to court filings, 3ac owes more than 1 billion dollars in individual claims. In the meantime, Davies and Su Zhu decided to launch another platform called OPNX. The platform allows investors to trade bankruptcy claims for collapsed companies like CoinFLEX and FTX.
As soon as 3ac collapsed, the duo went silent, surfacing in July during an interview. Arthur mocked the interview where the duo expressed regret regarding the fund’s failure. Other than that, Arthur has also criticized every attempt made by the two to raise funds for OPNX.
In one tweet, the BitMEX co-founder stated that Davies and Zhu have reportedly raised big money from Bahrain. Arthur warned the duo stating that the former CEO wanted money back. In the meantime, Arthur has also set up a crypto fund called Maelstrom.