MEV Capital's assets under management have plummeted by 80% in four months and have been incorporated into internal management by Belem

According to TheBlock, due to the de-pegging event of the deUSD stablecoin in October, which triggered automatic liquidations across multiple protocols, MEV Capital suffered losses exceeding $10 million, and the company's managed assets dropped by 80% from a peak of $1.5 billion to approximately $300 million.

Belem Capital stated that it has terminated its management mandate with MEV Capital and will internalize the company's institutional asset management team to integrate risk and execution frameworks.