The purpose of the looking at the future...is to disturb the present!

Gaston Berger (1896-1960), francuski futurolog

The co-founder of a collapsed crypto hedge fund was arrested in Singapore

Illustration of a digital coin on fire.
Illustration by Alex Castro / The Verge

Su Zhu, the co-founder of the collapsed crypto hedge fund Three Arrows Capital (3AC), was arrested in Singapore on Friday. Zhu was taken into custody while attempting to leave the country from Singapore’s Changi Airport, as reported earlier by Bloomberg.

Teneo, the liquidation firm in charge of liquidating 3AC’s assets, says it received a committal order against Zhu after he failed to comply with a court order that compelled him to cooperate with the liquidation process. That committal order directs Singaporean police to arrest Zhu and hold him in prison for four months. Teneo says it obtained a “similar” committal order for 3AC’s other co-founder, Kyle Davies.

During his time in prison, Teneo says the liquidators will engage with Zhu...

Continue reading…

Link :
https://www.theverge.com/2023/9/29/23896188/crypto-hedge-fund-three-arrows-captial-su-zhu-arrest

Recent Puls posts

Iran-Israel Ceasefire Shakily Holding But Drone Chaos and Possible Uprising in Iran

Iran-Israel Ceasefire Shakily Holding But Drone Chaos and Possible Uprising in Iran

It looks like a fragile peace might happen. It is still only hours old. There is also checkpoints and drone and other chaos inside Iran. This could be part of the regime not willing to follow the peace and it could also be mixed in with an uprising
DJI ‘remains committed to the US market’ as shelves go bare of drones

DJI ‘remains committed to the US market’ as shelves go bare of drones

The Mavic 4 Pro, folded, with a DJI RC2 controller. Is DJI exiting the US drone market? The company says no - but it would not explain to The Verge what has changed such that it can't even keep a single drone on shelves. When I walked into
The Secret Reason So Many College Students Are Relying on AI Is Incredibly Sad

The Secret Reason So Many College Students Are Relying on AI Is Incredibly Sad

According to a new study, a whopping majority of American college students are using artificial intelligence in their studies — and the reason why is pretty pathetic. In a new study from the journal Tech Trends, researchers from the University of
#ActInTimeDEADLINETime left to limit global warming to 1.5°C 4YRS026DAYS18:04:29 LIFELINEWorld's energy from renewables14.935162970%Scientists use bacteria to turn plastic waste into paracetamol | In Colombia, bird-watching brings tourism and a love for conservation | Uzbekistan steps up on Aral Sea recovery & support for green business | A majority of people around the world support a carbon tax, even if they’re paying it | Science says plastic bag bans really do work | Scientists stumble upon way to reduce cow dung methane emissions | Workers & grassroots groups push just transition agenda at Bonn climate talks | Sunrise Movement to launch campaign to villainize big oil & force climate action | Nations & funders seek to create & expand large-scale marine protected areas at UN conference | New homes in British Columbia are cutting rent, carbon, & ER visits | Scientists use bacteria to turn plastic waste into paracetamol | In Colombia, bird-watching brings tourism and a love for conservation | Uzbekistan steps up on Aral Sea recovery & support for green business | A majority of people around the world support a carbon tax, even if they’re paying it | Science says plastic bag bans really do work | Scientists stumble upon way to reduce cow dung methane emissions | Workers & grassroots groups push just transition agenda at Bonn climate talks | Sunrise Movement to launch campaign to villainize big oil & force climate action | Nations & funders seek to create & expand large-scale marine protected areas at UN conference | New homes in British Columbia are cutting rent, carbon, & ER visits |