DeFiance Capital founder: The fund has experienced partial losses, and this big dump event has caused a regression in the encryption industry.

On October 14, Arthur, the founder of DeFiance Capital, posted on social media stating, "We are fine, the fund has experienced some losses, but it does not rank among our top five fluctuation days. I am just very angry and disappointed; this big dump event has significantly set back the entire encryption field, especially for the altcoin market, as most of the price discovery process occurs on offshore CEX."

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