📜⚖️ A legal saga unfolds! The Block reports a Singapore court's decision to proceed with a hearing in a dispute over $140 million crypto assets between DeFiance Capital and Three Arrow Capital's (3AC) liquidators. 🏛️🤝 The wrangle centers on crypto owned by Defiance, intertwined in a corporate structure. Teneo, 3AC's liquidator, argues for 3AC's asset rights and creditor distribution, favoring British Virgin Islands' jurisdiction. 🇻🇬💼 Defiance Capital counters, advocating its unrelated asset stance. Singapore Court Judge Chua Lee Ming believes Singapore's jurisdiction is suitable, diving into the evidence for both claims. An ongoing legal duel unfolds across borders! 🌐⚔️ #CryptoLegalBattle #AssetOwnership #BitcoinWorld
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