Su Zhu’s $36M mansion transformed into eco-farm post-3AC collapse: Report

Crypto business owner and fugitive Su Zhus $36 million high-end property in Singapore has actually been converted into an eco-farm. According to current regional media reports, Zhus home in the city-states high end Yarwood Avenue has been rebranded as “Yarwood Homestead” and operated by Abundant Cities, a company his better half, Evelyn Tao, co-founded. Through ecological design and agroecology, the company transformed the mansions gardens into a small farmland, producing vegetables, herbs, fruits, fish, and poultry. In addition, the cottages front lawn has actually been remodelled into 36 vegetable gardens, growing okra, spinach, beans, kale, sesame seeds, and radishes. As for the pool, it is now a natural pond consisting of water plants, streams, and various fish and shrimp. The farm hosts a variety of on-site private gatherings. Zhu and his partner purchased the property in March 2022 for $36 million, shortly before his Singaporean hedge fund, Three Arrows Capital (3AC), collapsed. During the height of the crypto booming market, 3AC supposedly managed over $10 billion in digital assets. The firm applied for personal bankruptcy in July 2022 following a series of failed leveraged bets on the Terra Luna environment and deals with up to $3.5 billion in financial institution claims.On September 29, Cointelegraph reported that Su Zhu was detained at Singapores Changyi International Airport while trying to leave the nation after a court approved a committal order. A few days prior, Teneo, 3ACs liquidator was granted its committal request in Singapore, claiming Zhu stopped working to adhere to a court order associating with the healing of corporate possessions. Zhu was sentenced to 4 months in jail for the violation.His co-founder, Kyle Davies, a previous U.S. resident who is now a Singaporean national, was likewise devoted to 4 months in jail. Davies whereabouts stay unknown. Earlier this year, Davies publicly boasted that there were no “pending claims or regulative action” versus him at the time. The Yarwood Homestead “Tropical R&D Site”. Source: Abundant CitiesMagazine: China dev fined 3 yrs salary for VPN usage, 10M e-CNY airdrop