3AC founder’s wife recently sold a mansion in Singapore for $38.5 million.
3AC was once one of the world’s largest crypto-native hedge funds.
Evelyn sold the house amid an ongoing liquidation of the firm.
The wife of the defunct Three Arrows Capital (3AC) founder, Zhu Su, has reportedly sold a mansion in Singapore for S$51 million (US$38.5 million). This sale occurred despite a court order to freeze some of the couple’s assets.
A property record accessed by Bloomberg showed that Tao Yaqiong, also known as Evelyn, made the deal to sell the property in July and completed the transaction last month. The house is a bungalow on 1,446 square meters of land at Dalvey Road, near the Singapore Botanic Gardens. Records show that Evelyn bought the house in 2020.
3AC was a top crypto hedge fund, founded by Zhu Su and Kyle Davies. The firm collapsed in 2022 after a series of bad decisions amid a declining cryptocurrency market. Su, once known for boasting about buying bungalows in Singapore, saw his fortunes decline. Following the unfortunate 3AC collapse, Su, once famous for boasting on social media about buying all the good-class bungalows in Singapore and turn…
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