Security News > 2023 > October > Co-founder of collapsed crypto biz Three Arrows cuffed at airport

Asia in brief Zhu Su, co-founder of fallen crypto business Three Arrows Capital, was arrested last Friday at Changi Airport in Singapore as he attempted to leave the country.

Zhu is expected to spend four months in jail for failing to comply with investigations into his ill-fated company, according to the 3AC's liquidators, consultancy firm Teneo.

Having once managed $10 billion in assets, the company collapsed in 2022 and filed for Chapter 15 bankruptcy that July in New York.

Companies exporting "Important data" or "Personal data" were required to get a security assessment from the the Cyberspace Administration of China without the terms being fully defined.

Taiwanese component manufacturer Pegatron shut its iPhone assembly factory in Chennai for three days last week after a fire.

China's ban on some local orgs buying Micron Technology memory has started to bite as the company reported that revenue fell by almost half year-on-year.

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