Bullish
3AC Liquidator Sues Zhu Su's Wife to Recover $40M From Dubai Villa Sale
2026-08-05 14:47
Three Arrows Capital liquidator seeks $40M from Evelyn Tao Yaqiong, alleging she sold a villa bought with firm funds. She claims ignorance and asserts the property was a gift.
Woofun AI reports that the liquidator of Three Arrows Capital has filed a lawsuit against Evelyn Tao Yaqiong, wife of co-founder Zhu Su, to recover $40 million (146 million dirhams). The claim stems from the January 2024 sale of a Dubai villa, which the liquidator alleges Zhu Su purchased in June 2022 using a $50 million cryptocurrency loan from the firm and transferred to his wife around October 26, 2023. Evelyn Tao Yaqiong is seeking dismissal of the case, stating she was unaware of any alleged breaches by Zhu Su and believed the villa was a gift from him.
WOOFUN AI
Impact Assessment · Quick Read
This legal action highlights ongoing efforts to claw back assets from Three Arrows Capital's collapse, targeting personal holdings allegedly funded by firm capital. If successful, the recovery could set precedents for tracing crypto loans used for personal real estate acquisitions. The outcome may influence how creditors pursue family-held assets in future insolvency proceedings.
Generated by WOOFUN AI · For reference only, not investment advice
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