{"id":141348,"date":"2024-11-04T21:00:31","date_gmt":"2024-11-04T19:00:31","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=141348"},"modified":"2024-11-04T13:17:58","modified_gmt":"2024-11-04T11:17:58","slug":"wife-of-3ac-co-founder-sells-luxury-singapore-mansion-amid-asset-freeze","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/wife-of-3ac-co-founder-sells-luxury-singapore-mansion-amid-asset-freeze\/","title":{"rendered":"Wife of 3AC Co-Founder Sells Luxury Singapore Mansion Amid Asset Freeze"},"content":{"rendered":"

Tao Yaqiong, also known as Evelyn, initiated<\/a> <\/strong>the sale in July, with the transaction concluding in October. The mansion, located on Dalvey Road near the Singapore Botanic Gardens, spans approximately 1,446 square meters. Yaqiong originally purchased the property in 2020 for about $20.63 million.<\/p>\n

Three Arrows Capital, established by Zhu and partner Kyle Davies in 2012, was once a leading player in the cryptocurrency market, managing assets exceeding $18 billion.<\/p>\n

The firm made significant investments in well-known cryptocurrencies such as Solana<\/a><\/strong>, Ethereum<\/a><\/strong>, Avalanche<\/a><\/strong>, Polkadot<\/a><\/strong>, and WorldCoin<\/a><\/strong>. However, in 2022, it suffered substantial losses during a market downturn, leading to its Chapter 15 bankruptcy filing to protect itself from U.S. creditors amid liquidation proceedings.<\/p>\n