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

Based on one estimate in a document passed around by creditors, the Deribit stake is worth as much as $500 million. But legal complications and the recent crypto market slump might make the stake worth significantly less.

Updated May 11, 2023, 5:28 p.m. Published Jul 19, 2022, 6:55 p.m.
There's a fresh dispute emerging in the Three Arrows bankruptcy case. (Metropolitan Museum of Art, modified by CoinDesk)
There's a fresh dispute emerging in the Three Arrows bankruptcy case. (Metropolitan Museum of Art, modified by CoinDesk)