News

Zhu Su’s Mansion In Singapore Is Reportedly Up For Sale Following 3AC’s Bankruptcy

Published by
Zhu Su’s Mansion In Singapore Is Reportedly Up For Sale Following 3AC’s Bankruptcy

According to Chinese reporter Colin Wu, Three Arrows co-founder Zhu Su is rumoured to have put up his mansion in Singapore for sale per some real estate agents, but it has not been indicated on any public platform.

Advertisement

Is Zhu Su giving up his properties after 3AC’s liquidation?

A court order from the British Virgin Islands recently liquidated crypto hedge fund Three Arrows Capital (3AC) after weeks of trouble following the meltdown of TERRA/LUNA where the hedge fund had apparently opened a huge UST position in Terra’s Anchor Protocol.

Following 3AC’s liquidation, there is a rumour that its co-founder Zhu Su is now giving up his properties for sale, specifically the mansion he bought for his three year old in 2021.

Zhu Su and his wife, Tao Yaqiong Evelyn, snagged the Good Class Bungalow (GCB) at Yarwood Avenue in Bukit Timah area in Singapore for S$48.8 million in December 2021 but finished processing it earlier this year. Notedly only a Singaporean can own one of such properties.

The building Spans 31,862 square feet, it is S$1,532 per square foot (psf), the property was deemed as a “trustee” for their child. The rumour has not been confirmed from Zhu Su as this is still a developing story.

Advertisement

MAS states 3AC’s investigation is still ongoing despite liquidation

Singaporean news website The Straits Times, reported earlier that Three Arrows Capital will face Singapore’s financial censure for giving false info and exceeding Assets under Management limit. 3AC was allowed to only serve up to 30 qualified investors and manage assets of approximately $250 million.

The regulator listed three breaches by the crypto hedge fund which includes 3AC’s failure to notify the Monetary Authority of Singapore (MAS) of changes made with the status of Mr Zhu and co-founder Kyle Davies in the firm before a deadline.

The hedge fund also provided misleading information, 3AC told the MAS it had moved the management of its fund to an unrelated offshore entity last year, but this was misleading because Zhu Su was a shareholder of both 3AC and the offshore entity.

Advertisement

Share
Abigal Vee

Abigal .V. is a cryptocurrency writer with over 4-years of writing experience. She focuses on news writing, and is skilled in sourcing hot topics. She’s a fan of cryptocurrencies and NFTs.

Published by
Why trust CoinGape: CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journalists and 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.
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.

Recent Posts

  • News

Binance’s Changpeng Zhao Takes on Senator Elizabeth Warren On False “Fraud” Allegations

Following US President Donald Trump's announcement of a prison pardon to Binance founder Changpeng Zhao…

October 24, 2025
  • News

Trump Tariffs: Crypto Market Volatility Looms As US President Terminates Trade Talks With Canada

The crypto market is bracing for volatility after the U.S. President announced the termination of…

October 24, 2025
  • News

Coinbase CEO Says Market Structure Bill Will Pass by Year-End Despite Government Shutdown

Coinbase CEO Brian Armstrong has said he expects the long-awaited U.S. crypto market structure bill…

October 24, 2025
  • News

Breaking: Trump To Meet China’s President On October 30, Bitcoin Bounces

Bitcoin surged above $111,000 after confirmation that President Donald Trump and Chinese President Xi Jinping…

October 23, 2025
  • News

Breaking: Trump Pardons Binance’s Changpeng “CZ” Zhao, BNB Spikes

U.S. President Donald Trump has reportedly pardoned Binance founder Changpeng "CZ" Zhao for his conviction…

October 23, 2025
  • News

Peter Schiff Challenges Binance Founder CZ to Debate as Bitcoin Vs. Gold Rivalry Heats Up

Bitcoin critic and renowned economist Peter Schiff has challenged Binance co-founder Changpeng "CZ" Zhao to…

October 23, 2025