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First Do Kwon, followed by Sam Bankman-Fried, then Changpeng Zhao, and now Su Zhu. Crypto villains are facing the music... Kind of.
The 3AC founder was arrested in October, whilst attempting to flee at Singapore's Changi Airport. Liquidator Teneo confirmed Zhu's arrest but stated that the crypto villain was facing a committal order after failing to comply with a Singapore court order.
Zhu was sentenced to four months by the committal order in late September. In However, Zhu is now set to be released this month based on standard provisions for good behavior.
Blockhead
His release came as Zhu faced two days of questioning from Teneo lawyers in a High Court hearing in Singapore. Zhu was pressed for details about how 3AC failed and the where abouts of its assets.
In September, MAS imposed nine-year probition orders on Kyle Davies and Zhu, prohibiting them from operating in Singapore's regulated financial services industry.
Blockhead
$3.3 billion is estimated to have been lost by 3AC but Zhu and Davies have not faced any criminal charges in Singapore. Instead, Zhu is facing early release of his very short 4-month stint behind bars.
Meanwhile, Zhu's house has been transformed into an urban farm called Yarwood Homestead, managed by Abundant Cities - a company co-founded by his wife, Dr Evelyn Tao.
Located on Yarwood Avenue in the post Bukit Timah neighborhood, the couple bought the Good Class Bungalow (GCB) for S$48.8 million (US$35.53 million) in March 2022. Abundant Cities researches "nature-based solutions for citizen farmers" according to its website and offers monthly farm tours for $120 per ticket, which includes lunch.
