Three Arrows Capital’s Su Zhu is Selling His $35M Singapore Mansion – Report

Summary:

• Three Arrows Capital Co-founder, Su Zhu, is reportedly looking to merchantability his $35 cardinal Singapore mansion.
• Su Zhu allegedly bought the mansion successful December 2021 astatine S$48.8 million.
• The location is held nether a spot belonging to 1 of his children.
• According to sources, liquidators successful Singapore are looking to prehend properties owned by Three Arrows Capital parties.

The co-founder of the embattled crypto hedge money of Three Arrows Capital, Su Zhu, is reportedly looking to merchantability his $35 cardinal Singapore mansion.

According to a report by Bloomberg, the mansion has been up for merchantability for the past 2 weeks. Mr. Zhu purchased the spot successful December 2021 astatine a worth of S$ 48.8 cardinal ($35M). The mansion is presently held nether a spot belonging to 1 of his children.

Similarly, Colin Wu of WuBlockchain besides highlighted the imaginable mansion merchantability by Su Zhu, further clarifying that it had been confirmed by immoderate existent property agents but did not look connected nationalist listings.

Su Zhu Wants the Proceeds of the Sale Sent to a Dubai Bank Account.

Crypto assemblage subordinate @FatManTerra besides shared his insights into the situation, stating that Su Zhu has requested that the proceeds of the mansion merchantability beryllium sent to a Dubai Bank account. He explained:

A verified root has confirmed that Su Zhu is urgently trying to merchantability his $35m location successful Singapore, presently held successful his son’s trust. He is requesting the funds to beryllium transferred to a slope relationship successful Dubai and has nary volition of paying creditors with the proceeds from the sale.

Liquidators Are Trying to Seize Properties Owned by Three Arrows Capital Co-founders.

In another report by EdgeProp, rumors person begun to look that liquidators successful Singapore are trying to prehend properties belonging to the 2 founders of Three Arrows Capital: Su Zhu and Kylie Davis.

The study besides pointed retired that betwixt 2019 and 2021, Mr. Zhu bought 3 bungalows successful Singapore for a full of $83.55 million. In addition, Su Zhu and his woman ain different $28.5 cardinal location successful Singapore that is presently nether construction.

According to the report, parties related to Three Arrows Capital collectively ain ‘five high-end properties including GCBs, a shophouse, and a townhouse.’ Other assets see ‘a fleet of high-end cars and a yacht.’