MEV Capital's asset management scale plummeted 80% in four months and has been incorporated into Belem's internal management.

ChainCatcher reports that, according to TheBlock, due to the de-pegging event of the deUSD stablecoin in October, multiple protocols triggered automatic liquidations, resulting in MEV Capital losing over $10 million. The company’s managed assets dropped from a peak of $1.5 billion to approximately $300 million, an 80% decline.

Belem Capital stated that it has terminated its management delegation with MEV Capital and has internalized the company’s institutional asset management team to consolidate risk and execution frameworks.