Zhu Su’s Wife Sells Singapore Mansion Amid Financial Turmoil.

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Tao Yaqiong, wife of Zhu Su, co-founder of the collapsed cryptocurrency hedge fund Three Arrows Capital (3AC), has successfully sold her mansion in Singapore for S$51 million (approximately $38.5 million). This sale occurred despite a court-imposed freeze on some of the couple’s other assets.

The property transaction, finalized in August, involved a good class bungalow located on Dalvey Road, near the Singapore Botanic Gardens. Tao purchased the property for S$28.5 million in 2020 and subsequently redeveloped it. The sale comes at a tumultuous time for Zhu, who, alongside co-founder Kyle Davies, saw 3AC rise to prominence before its downfall in 2022, triggered by poor investment decisions amid a broader cryptocurrency market collapse.

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Since the hedge fund’s failure, Zhu has faced significant legal and financial repercussions. In 2023, Singapore’s financial regulator imposed a nine-year ban on Zhu and Davies from conducting regulated financial activities, and Zhu served a brief jail term for failing to assist in the winding up of 3AC. The liquidators, Teneo, obtained a worldwide asset freeze of $1.14 billion against Zhu, Davies, and Davies’ wife, citing debts owed to creditors totaling approximately $3.3 billion.

The Dalvey mansion was acquired by Chrispianto Karim, a member of the influential Indonesian Karim family, which controls the Musim Mas Group, a prominent palm oil conglomerate.

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