CandleFocus 3AC Founder’s Wife Sells $38.5 Million Singapore Mansion Despite Asset Freeze
2024-11-02
Author: Content Editor
The wife of Zhu Su, the founder of the collapsed crypto hedge fund Three Arrows Capital (3AC), has sold a mansion in Singapore for $38.5 million despite a court order freezing some of their assets. Tao Yaqiong, also known as Evelyn, completed the sale last month. 3AC collapsed in 2022 due to bad decisions amid a declining cryptocurrency market. Singapore's financial regulator banned Su and his partner, Kyle Davies, from conducting regulated financial activities for nine years. Teneo, the firm's liquidators, froze assets belonging to Su, Davies, and Davies' wife, including a mansion on Yarwood Avenue. The property sold by Evelyn does not appear to be one of the frozen assets.
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