The Luxurious Singapore Home of Three Arrow Capital Founder Su Zhu Transformed into an Urban Farm
According to local reports, the lavish Singapore home owned by Su Zhu, the founder of Three Arrow Capital (3AC), has been converted into an urban farm by his wife, Evelyn Tao. The property, located on Yarwood Avenue, is now called Yarwood Homestead. The farm produces a variety of vegetables, herbs, fruits, fish, chicken, ducks, and other agricultural products. In addition to serving as an agricultural hub, the property is also used for private dining events and guided tours.
The Research and Development Headquarters of Abundant Cities
The property also serves as the research and development headquarters for Abundant Cities, a company co-founded by Evelyn Tao. She currently holds the position of Chief Science Officer at the company. Abundant Cities is a holistic science and research firm that focuses on providing urban dwellers with access to regenerative and nourishing gardens in their homes. The company operates in partnership with outdoor exploring, food and dining, and regenerative farming organizations.
The Financial Setback and Bankruptcy Proceedings
Three Arrow Capital faced significant financial challenges due to its exposure to the blockchain network. Following the collapse of the crypto market and the subsequent bankruptcy proceedings, it was revealed that the company owed $3.5 billion in credit obligations. Despite attempts to sell the Singapore villa, no buyer was found.
Su Zhu’s Arrest and Imprisonment
After almost a year as a fugitive, Su Zhu was apprehended at Changi Airport in Singapore on September 29 while attempting to leave the country. He had been absent during 3AC’s bankruptcy proceedings and was arrested based on a committal order. Zhu and co-founder Kyle Livingston Davies were sentenced to four months of imprisonment in absentia for their refusal to cooperate during the liquidation investigation. Davies is still evading authorities.
Monetary Authority of Singapore’s Sanction
Both Su Zhu and Kyle Livingston Davies have received a nine-year sanction from the Monetary Authority of Singapore (MAS), prohibiting them from engaging in any regulated investment activities in the country. The sanction was imposed due to their involvement with 3AC and its bankruptcy proceedings.
Terra Blockchain Founder’s Confession
In a separate development, Do Kwon, the founder of Terra blockchain, has been apprehended and confessed to posting false trading volume in a leaked chat.
Hot Take: Su Zhu’s Luxurious Home Transformed into an Urban Farm Reflects the Volatility of the Crypto Market
The transformation of Su Zhu’s luxurious Singapore home into an urban farm highlights the unpredictable nature of the crypto market. Despite its initial purpose as a residence and potential venue for private events, the property now serves as a hub for agricultural activities. This shift exemplifies how individuals and businesses within the crypto industry must adapt to changing circumstances and find alternative sources of income. It also serves as a reminder of the financial setbacks faced by companies like Three Arrow Capital, which experienced significant losses due to their exposure to the blockchain network. Overall, this transformation symbolizes resilience and innovation within the crypto space.
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