Days after the arrest of Zhu Su, CEO and founder of the bankrupt crypto hedge fund 3AC, the spotlight has now turned towards his sprawling, luxurious villa worth over $6 million [48.8 million yuan]. Located on Yarwood Avenue in Fengsheng City, Singapore, the stunning property was bought by the 3AC founder and his wife through a trust. However, the crypto market crash and the subsequent collapse of 3AC led to financial troubles, prompting Zhu Su to urgently attempt to sell the bungalow last year.
According to a local news outlet, the lavish residence has been now repurposed into a sustainable agricultural space featuring 36 vegetable gardens and the couple’s swimming pool that has been transformed into a natural swimming pond filled with aquatic plants, streams, and various fish and shrimp. This innovative approach has turned the upscale property into a sustainable agricultural space.
Now with the 3AC founder’s luck finally running out after his arrest, the focus has shifted to his villa-cum farm. Last week, Zhu Su was caught red-handed at Singapore Changi Airport [September 29] while fleeing the country. He was soon issued a detention order, sentencing him to four months in prison.
3AC: Fate Of Zhu Su’s Mansion Remains Uncertain Amidst Assets Sell-off
However, the liquidator for Sanjian, the firm associated with Zhu Su, refrained from commenting on the prime bungalow. Their focus remains on assets held by Sanjian or acquired through Sanjian funds, indicating that the Yawu Road property does not fall under their jurisdiction.
As per the company’s website, Zhu Su’s wife, Evelyn Tao, holds a PhD in biology from the National University of Singapore. Her professional background includes stints at Temasek Life Sciences Laboratory and the Institute of Medical Biology under the Singapore Agency for Science, Technology, and Research [A*STAR].
This unexpected transformation of a once-opulent residence into a thriving agricultural space mirrors the twists and turns of the cryptocurrency market and its impact on prominent figures within the industry. As legal proceedings begin, the fate of Zhu Su and the property he once owned remains uncertain, casting a spotlight on the complexities of the crypto world’s financial landscape.