Crypto fund DeFianceCapital said it has been 'materially affected' by the liquidation of rival fund Three Arrows Capital. Reporting by oknightcrypto.
Crypto hedge fund DeFiance Capital said it was"materially affected" and"prejudiced" by the liquidation of rival fund Three Arrows Capital.published on Twitter on Friday, Singapore-based DeFiance said CEO Arthur Cheong had"no visibility" on Three Arrow Capital's financial statements or conditions. He became aware of solvency problems only when the news broke in June.
"Arthur Cheong is committed to taking all necessary steps to protect, preserve and recover all assets which are and were owned in the context of DC's business," the company said.
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