Crypto hedge fund DeFiance Capital has reportedly been “materially affected” and prejudiced as rival fund Three Arrows Capital was liquidated, DeFiance posted on Twitter Friday (July 15).
DeFiance CEO Arthur Cheong said there was “no visibility” as to Three Arrows’ financial statements or conditions, and the post said Cheong only learned of the issues when the news broke last month.
“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.
In other news, the crypto market was trending higher recently, with decentralized finance (DeFi) coins leading the way with double-digit percentage growth, CoinDesk wrote Friday.
The report noted that the rally for DeFi was not a sure thing for the long-term future, with the fundamentals still not being very strong.
“Sure, we see some rally in the DeFi coins for now, but fundamentally nothing has changed. The total value locked...
Your content is great. However, if any of the content contained herein violates any rights of yours, including those of copyright, please contact us immediately by e-mail at media[@]kissrpr.com.
INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...