Breaking: Arthur Hayes Gets Restraining Order From 3AC Founder

Coingapestaff
May 10, 2023 Updated May 19, 2025
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A restraining order has been issued by a court in Singapore against Arthur Hayes, one of the co-founders of the BitMEX trading platform due to repeated targeted posts made on Twitter. The order was acquired by Su Zhu, who was a co-founder of the now-defunct cryptocurrency hedge fund Three Arrows Capital (3AC).

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$6 Million In Question

After the failure of the fund a year ago, the former CEO of BitMEX has been vehemently tweeting against Su Zhu and his co-partner Kyle Davies, mostly seeking for the 6 million dollars that he believes is entitled due to the fund’s collapse following the Terra UST debacle.

Read More: Bitcoin, Ethereum Price Rises As US CPI Inflation Cools To 4.9%

The ruling that was issued by Judge Sandra Looi Ai Lin of the Harassment Court stipulates that Hayes will not be permitted to establish contact with Zhu through any means, and that he is prohibited from releasing “any identity information.” According to the injunction, Hayes can have the ruling delivered to him through his Twitter account.

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Arthur Mocks 3AC Founders

The 38-year-old crypto entrepreneur has publicly criticized about 3AC’s debacle and even mocked their future endeavors. In one of these tweets, dated May 2, Hayes stated that they owed $6 million to him which apparently went ignored.

According to documents filed with the court, 3AC is responsible for paying individual claimants in excess of one billion dollars. In the interim, Zhu and Davies made preparations to develop OPNX, a platform that enables investors to trade bankruptcy claims for defunct businesses such as FTX, Celsius, BlockFi, etc. Meanwhile, Hayes has established his own crypto fund called Maelstrom.

Also Read: Crypto Giant Galaxy Digital Moving Operations Off Shore Citing US Regulatory Headache

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Why Trust CoinGape

CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.

About Author
About Author
CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.