Arthur Cheong expresses frustration over losses during the recent crash, warning that the event set back the crypto industry, particularly affecting altcoins reliant on centralized exchanges.
Arthur Cheong, CEO and CIO of DeFiance Capital, revealed that the fund faced some losses during the recent market downturn, though these were not among its five most volatile days. He emphasized that such price fluctuations harm trust in the crypto industry, particularly for altcoins, which rely on centralized exchanges for price discovery.