Summary:<\/p>\n
The co-founder of the embattled crypto hedge fund of Three Arrows Capital, Su Zhu<\/a>, is reportedly looking to sell his $35 million Singapore mansion.<\/p>\n According to a report<\/a> by Bloomberg, the mansion has been up for sale for the last two weeks. Mr. Zhu purchased the property in December 2021 at a value of S$ 48.8 million ($35M). The mansion is currently held under a trust belonging to one of his children.<\/p>\n Similarly, Colin Wu of WuBlockchain also highlighted<\/a> the potential mansion sale by Su Zhu, further clarifying that it had been confirmed by some real estate agents but did not appear on public listings.<\/p>\n Crypto community member @FatManTerra<\/a> also shared his insights into the situation, stating that Su Zhu has requested that the proceeds of the mansion sale be sent to a Dubai Bank account. He explained<\/a>:<\/p>\n A verified source has confirmed that Su Zhu is urgently trying to sell his $35m house in Singapore, currently held in his son’s trust. He is requesting the funds to be transferred to a bank account in Dubai and has no intention of paying creditors with the proceeds from the sale.<\/p><\/blockquote>\nSu Zhu Wants the Proceeds of the Sale Sent to a Dubai Bank Account.<\/h2>\n
Liquidators Are Trying to Seize Properties Owned by Three Arrows Capital Co-founders.<\/h2>\n