3AC Co-Founder's $36M Property Converted into Eco-Farm after Arrest

3AC co-founder Su Zhu was arrested from Changi Airport

Recently, Three Arrows Capital (3AC) co-founder Su Zhu was arrested from Changi Airport while trying to flee Singapore following a committal order given by a Singapore court. The court order to Su Zhu follows efforts to recover funds for 3AC creditors following the hedge fund's $10 billion collapse in 2022 caused by Terra Ecosystem. In fact, 3AC took excessive leverage on long positions of some Cryptocurrencies and lent hundreds of millions of dollars from Crypto Loan Protocol, after which the court sentenced Su Zhu to 4 months. But Su Zhu tried to escape, due to which he was arrested on the orders of the court. After Su Zhu's arrest, another report has come out, in which Zhu's luxury real assets worth $36 million in Singapore have been converted into eco-farms. Which is managed by Abundant Cities, co-founded by Zhu's wife Evelyn Tao.

This change was made after the collapse of Hedge Fund 3AC

Located on Yarwood Avenue, the estate now features ecological design and agroecology, with the bungalow's garden converted into a small farm. Vegetables, herbs, fruits, fish and poultry are produced in this small farm. Apart from this, the lawn in front of the bungalow has been converted into 36 vegetable gardens, in which different types of vegetables are produced. The farm also organizes a variety of on-site private gatherings. It is believed that this change has happened after the collapse of Su Zhu's hedge fund 3AC Terra Ecosystem.

Let us tell you that 3AC co-founder Su Zhu was living a comfortable life on an unnamed island before his arrest and during this time Zhu's partner Kyle Davie was also present with him. Whereas the creditors of 3AC were continuously demanding Su Zhu to return their funds and this demand is still continuing. Currently Su Zhu has been arrested and Kyle Davie is absconding. But the reason behind Su Zhu converting such a big bungalow into an eco-farm has not been revealed. It now remains to be seen when Su Zhu will return the outstanding funds to 3AC creditors.