Stake in Crypto Exchange Deribit Becomes Disputed Asset in Three Arrows Bankruptcy

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“Genesis is aware that Three Arrows directly or indirectly owns the Deribit shares and the StarkWare shares, which could be sold to pay part of an eventual award against Three Arrows, but in light of Three Arrows’ conduct it is likely that Three Arrows will seek to dissipate such shares without legal intervention,” a lawyer for Genesis Asia Pacific wrote in one of the documents.

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