There's a fresh dispute emerging in the Three Arrows bankruptcy case, and it involves the digital-asset industry's preeminent options exchange. godbole17 reports
There are 31 shareholders listed in the Singapore corporate filing.
Whoever ends up owning the stake could not remove Sit or Lee, the two non-Three Arrows directors, because they are entrenched under the SPV's corporate rules, the person said. Whatever the true market value, the Deribit shares have already become a focal point for creditors trying to recover losses stemming from the Three Arrows meltdown.included in an affidavit submitted as part of the British Virgin Islands liquidation proceedings, an affiliate of the crypto trading firm Genesis Global Trading claimed Three Arrows should deposit the Deribit shares"into a third-party escrow account for safekeeping pending the resolution of this arbitration.
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