Su Zhu

2012-01-01

Su Zhu and Kyle Davies co-found Three Arrows Capital in San Francisco with approximately $1 million borrowed from their parents.

2013-01-01

Three Arrows Capital re-registers in Singapore for tax purposes.

2022-02-01

3AC invests approximately $200 million in LUNA as part of the Luna Foundation Guard's $1 billion capital raise.

2022-03-01

Three Arrows Capital reaches peak reported assets under management of approximately $10 billion.

2022-05-12

Terra/LUNA ecosystem collapses; LUNA price falls from approximately $80 to near zero, causing catastrophic losses for 3AC.

2022-06-16

3AC fails to meet margin calls from multiple lenders.

2022-06-22

3AC defaults on a $665 million loan from Voyager Digital.

2022-06-27

A British Virgin Islands court orders Three Arrows Capital into liquidation. Teneo Restructuring is appointed as liquidator.

2022-07-02

3AC files for Chapter 15 bankruptcy in the United States to protect US assets from creditors. Court filings reveal $3.5 billion owed to 27 creditors.

2022-07-12

Founders Zhu and Davies are reported missing, having ignored creditor outreach and liquidator contact attempts.

2022-07-22

Zhu and Davies give a media interview from an undisclosed location, describing the fund's collapse as caused by LUNA and GBTC trades.

2023-04-01

Zhu and Davies launch OPNX, a bankruptcy claims trading exchange, while 3AC liquidation proceedings remain active.

2023-05-01

Dubai's VARA formally reprimands OPNX and its founders for soliciting customers without proper authorization.

2023-08-16

VARA fines OPNX AED 10 million (~$2.7 million) for violating advertising and marketing regulations; individual fines imposed on Zhu and other founders.

2023-09-13

Singapore's MAS issues nine-year prohibition orders against Zhu and Davies barring them from managing or directing any capital markets services firm in Singapore.

2023-09-29

Su Zhu is arrested at Singapore's Changi Airport while allegedly attempting to leave the country, pursuant to a committal order for contempt of court. Sentenced to four months in prison.

2023-12-13

Su Zhu appears in Singapore court for a two-day hearing, facing questioning from Teneo lawyers about the fund's collapse and asset locations.

2023-12-21

A BVI court freezes more than $1 billion in assets belonging to Zhu, Davies, and Davies' wife Kelly Chen.

2024-02-14

OPNX ceases all operations.

2024-02-01

OX.FUN launches as a successor meme coin perpetual futures exchange, with Su Zhu listed as an advisor/backer.

2024-08-12

3AC liquidators file a $1.3 billion lawsuit against Terraform Labs over the LUNA/UST collapse that contributed to 3AC's failure.