• The Singapore High Court has rejected Three Arrows Capital's request to dismiss a lawsuit filed by Arthur Cheong, founder of DeFiance Capital.

  • The lawsuit by Cheong claims that DeFiance Capital investors are the rightful owners of assets held in trust by 3AC.

  • The court recognized the existence of a trust over crypto assets in Fireblocks wallets controlled by 3AC, despite 3AC's contrary claims.

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