DeFiance Capital’s ongoing dispute with 3AC liquidators over a sum of $140 million will now be heard in Singapore. The decision was made by the Singapore International Arbitration Centre, which ruled that the case should be heard in Singapore due to various factors, including the presence of relevant witnesses and documents in the city-state. DeFiance Capital, which is a decentralized finance (DeFi) investment firm, alleges that 3AC failed to return its share of funds from a joint venture between the two firms. However, 3AC has disputed this claim and countersued DeFiance for breach of contract.
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