Terra Researcher: Zhu Su Is Selling His $35M Property, But Doesn't Plan to Use Sale Proceeds to Pay Off Debt

Jul 01,2022
KingData News: Terra researcher FatMan tweeted that a verified source has confirmed that Su Zhu is urgently trying to sell his $35m house in Singapore, currently held in his son's trust. He is requesting the funds to be transferred to a bank account in Dubai and has no intention of paying creditors with the proceeds from the sale.
On June 13, Zhu Su, co-founder of Three Arrows Capital, has removed ETH, AVAX, LUNA, SOL, NEAR, MINA and other Tokens from his Twitter profile. On June 15, sources revealed that the total liquidation amount of Three Arrows Capital on Deribit, BlockFi and other lending platforms was up to $400 million. This indicator provides a real-time tracking of news reports on Three Arrows Capital's liquidity crisis.
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