The $36 million luxury property owned by fugitive crypto entrepreneur Su Zhu in Singapore has been converted into an eco-farm.
According to what was recently reported by local media Reportsthe residential property owned by Zhou on the country’s upscale Yarwood Street has been rebranded as “Yarwood Homestead” and is managed by Abundant Cities, a company co-founded by his wife, Evelyn Tao.
Through ecological design and agroecology, the company has transformed the palace gardens into small farmland, producing vegetables, herbs, fruits, fish and poultry. In addition, the bungalow’s front garden was redesigned into a 36 vegetable garden, growing okra, spinach, beans, kale, sesame seeds and radishes. The pool is now a natural pond containing aquatic plants, streams, various fish and shrimp. The farm hosts a variety of private gatherings on site.
Chu and his wife bought the property in March 2022 for $36 million, shortly before the collapse of his Singaporean hedge fund, Three Arrows Capital (3AC). During the peak of the cryptocurrency bull market, 3AC reportedly managed over $10 billion in digital assets. The company filed for bankruptcy in July 2022 after a series of failed bets on the Terra ecosystem and faces up to $3.5 billion in creditor claims.
On September 29, Cointelegraph reported that Zhou was arrested at Changi International Airport in Singapore while trying to leave the country after a court issued a referral order. A few days ago, 3AC’s liquidator, Teneo, obtained a commitment order in Singapore, alleging that Zhu had failed to comply with a court order relating to the recovery of the company’s assets. Zhou was sentenced to four months in prison for the violation.
Its co-founder, Kyle Davis – a former US citizen who is now a Singaporean citizen – was also sentenced to four months in prison. However, Davies’ whereabouts remain unknown. Earlier this year, Davis went public splurge That there were “no pending lawsuits or regulatory proceedings” against him at the time.
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