Su Zhu, the founder of bankrupt crypto firm Three Arrows Capital, has officially been arrested in Singapore. Indeed, a Bloomberg report has stated that the hedge fund founder was apprehended while attempting to exit the country. The company that is tasked with liquidating the firm, Teneo, has reported receiving a committal order against the founder. Moreover, the order was issued after Zhu did not comply with the ongoing liquidation investigation. Subsequently, the report notes that Zhu has been sentenced to four months in prison.

The apprehension arrives as there have been notable sanctions placed against Zhu. Specifically, those sanctions were issued to both Zhu and his co-founder, Zach Davies, by the Monetary Authority of Singapore (MAS) this month.

The crypto hedge fund collapsed last year amid the overall market downturn. Prior to the collapse of digital assets LUNA and Terra, the firm had holdings worth more than $550 million. Subsequently, the firm suffered immense losses, leading to its own demise. Zhu has reportedly declined to cooperate with liquidators amid the investigation, leading to the order issued against him. Subseuqlety is facing four months in prison, with Davies facing a similar order against him. Currently, he has not yet been apprehended.

Su Zhu, the founder of Three Arrows Capital, has been arrested and sentenced to four months in prison in Singapore. This comes after he refused to cooperate with an ongoing liquidation investigation into the now bankrupt firm. This development is likely to affect the already struggling crypto market and could have far reaching implications. #ThreeArrowsCapital #SuZhu #CryptoMarket #MAS.

You can read more about this topic here: Watcher Guru: Three Arrows Capital Founder Arrested in Singapore

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Vivoka is introducing a new way to collect data for AI training, called Ta-Da, utilizing blockchain technology, allowing users to complete tasks such as reading a sentence, writing a text, or recognizing an object, and be rewarded with TADA tokens for their contributions. Ta-Da aims to address the challenges of high costs and inconsistent data quality that come with using data to train AI models. It also prioritizes user privacy, relying solely on volunteer-generated data. The main purpose of Ta-Da is to amass voice recordings in myriad languages to help fine-tune AI voice recognition systems. This new project is expected to be rolled out publicly next quarter. #AI #VoiceRecognition #DataCollection #TADA #Vivoka

You can read more about this topic here: Decrypt: Get Paid to Train AI? There’s a New Cryptocurrency for That

The post Earn Crypto While You Train Artificial Intelligence – Decrypt first appeared on Byte Syze Crypto.

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Institutional DeFi player OpenTrade is launching a tokenized treasury bill product for accredited investors. The company will be utilizing Perimeter Protocol, an open-source platform developed by Circle, to expand USDC into the world of real world assets (RWA). This product will allow secured lending of USDC against treasury bills, allowing lenders to earn returns while continuing to operate entirely on-chain—using their existing wallets and custodians. Working with a network of financial institutions to power off-chain assets, this product is available to individual accredited investors, companies, funds, DAOs, regulated institutions and “third party distribution partners”. For Handler, who got involved in crypto in 2013, he sees OpenTrade offering a digital U.S. treasury bill savings account for people outside the country as a product that’s “nearly risk-free.” #DeFi #USDC #OpenTrade #TreasuryBills

You can read more about this topic here: Decrypt: OpenTrade Launches Tokenized Treasury Bills on Protocol Developed by Circle

The post Introducing OpenTrade’s Revolutionary Tokenized Treasury Bills Powered by Circle Protocol first appeared on Byte Syze Crypto.