The legal dispute between bankrupt blockchain hedge fund, Three Arrows Capital, and DeFiance Capital, an investment firm, centers around the distribution of DeFiance’s assets. As per 3AC liquidators, these should be included in the 3AC bankruptcy estate for creditor distribution. However, DeFiance asserts that the assets should be divided among its investors. The conflict over assets, valued differently by each entity, reveals a discord on blockchain technology’s regulatory ambivalence and the determination of firms like DeFiance Capital to protect investor interests.
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Fordefi Integrates with Solana: The Future of Institutional MPC Wallets and Security Debate
Institutional MPC wallet company Fordefi plans to integrate its native wallet with Solana-based applications and protocols. Fordefi’s advanced security features, such as transaction simulation and policy management tools, cater to institutional needs and have attracted clients like Keyrock and DeFiance Capital. The success of this integration will depend on the market’s value and adaptation to advanced security measures.
Collapse of Three Arrows Capital: A Cautionary Tale in Crypto Regulation Compliance
The collapse of Three Arrows Capital due to Luna and TerraUSD’s slump has affected Singapore’s financial markets. The Monetary Authority of Singapore has barred founders Zhu Su and Kyle Davies for nine years, citing regulatory infringements and lack of transparency. This highlights the importance of regulatory compliance in the volatile cryptocurrency industry.