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Crypto Investor Who Bet on DeFi Says China Crackdown May Help It

  • Cheong’s DeFiance Capital invests in decentralized finance
  • He says China’s crypto ban could benefit entire DeFi ecosystem
Photographer: Christinne Muschi/Bloomberg
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Arthur Cheong, who worked in oil trading before reinventing himself as a crypto fund manager, put money into a blockchain-based game called Axie Infinity last year.