The founder of DeFiance responds to the dispute with Three Arrows Capital: DeFiance has exclusive, unrestricted control and beneficial ownership of the assets

ChainCatcher news, DeFiance Capital founder Arthur0x released a "Statement and Update on the Dispute with Three Arrows Capital (3AC)," stating that DeFiance Capital's position is to have exclusive, unrestricted control and beneficial ownership of its assets, which is consistent with the broader industry understanding and all evidence supporting this position.

Although 3AC and DeFiance Capital are managed outside of Singapore, the liquidators insist that the dispute should be resolved in the British Virgin Islands ("BVI"). In this regard, we believe that all important witnesses and documents are in Singapore, and the dispute should be adjudicated by the Singapore courts to ensure that all relevant evidence is available. After last week's hearing, the Singapore High Court has agreed with this position, recognizing Singapore as the more appropriate jurisdiction for adjudicating this dispute. DeFiance is working to engage and cooperate with the liquidators through the Singapore courts, focusing on resolving substantive issues rather than spending more time on procedural minor conflicts.

Previous report, the $140 million dispute between DeFiance Capital and the Three Arrows Capital liquidators will be adjudicated in Singapore.