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DeFiance Capital founder: The fund has suffered partial losses, and this crash has set back the crypto market.
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According to Jinse Finance, Arthur, founder of DeFiance Capital, stated that they are fine; the fund has experienced some losses, but this does not rank among our top five days of profit and loss volatility. I am just extremely angry and disappointed. This crash has significantly set back the entire crypto space, especially for the altcoin market, because most price discovery processes take place on offshore CEXs.
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