Founder bankrupt crypto hedge fund secretly sells his millions of properties

Recently, the hedge fund Three Arrows Capital (3AC) has been in the news a lot as a judge has ordered the company to sell all its cryptocurrencies. This is in response to a number of crypto investments that did not go so well and caused it to get into deep financial trouble.

Su Zhu, the co-founder of Three Arrows Capital, held large positions with the company in, for example, Solana (SOL), Avalanche (AVAX), Axie Infinity (AXS) and, the meanwhile worthless, Terra (LUNA). These positions have caused the company’s downfall.

Zhu’s mega villa for sale

Su Zhu has also reportedly put his house in Singapore’s most exclusive neighborhood up for sale just days after the company went into liquidation. According to a number of reliable sources, he is trying to get another $35 million for it.

From documents of the Singapore Land Authority turns out the house is in the upscale Yarwood Avenue neighborhood. The house is 32 years old, has an area of ​​almost 3,000 square meters and is registered in the name of a trust intended for a three-year-old child of Zhu.

Out other sources It turns out that other luxury properties owned by Zhu and his wife are also for sale, including a detached house worth nearly $20 million and a third home worth nearly $4.5 million.

Zhu sends the money directly to Dubai

According to the now well-known Terra whistleblower @FatManTerra, Zhu will receive the payment of the house into an account in Dubai. He has even indicated that he thinks Zhu has no intention of paying off all creditors with the money he raises.

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However, the houses are not yet officially listed on the broker’s website, nor have they been confirmed by Zhu or any other person associated with Zhu.

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