MEV Capital's assets under management (AUM) fell 80% in four months to approximately $300 million as of February 25, down from a peak of $1.5 billion in October 2025 (Source: DefiLlama). This decline follows the de-pegging of the stablecoin deUSD on October 10, 2024, which triggered automatic liquidations in multiple protocols, resulting in direct losses of over $10 million for the company (Source: The Big Whale). MEV Capital has offices in Vilnius and Dubai, a predominantly French team, and previously had significant exposure to yield strategies involving deUSD. The company's revenue also declined sharply. In the first quarter of 2026, its gross revenue from protocols was $804,720, a year-over-year decrease of 86.8% and a 92.4% decrease from $6,100,000 in the fourth quarter of 2025. Quarterly net income fell to $99,020 in the latest quarter from $608,910 in the fourth quarter of 2025. Regarding personnel, CEO Laurent Bourquin (a former Société Générale executive) has stepped down from public view, and approximately 10 of the original 15 employees have left. An insider stated that Bourquin is "on break." Luxembourg-based Belem Capital announced on Wednesday that it has internalized the institutional asset management team of MEV Capital, ending the previous management authority and transferring all investment operations to Belem's internal platform. Belem Capital is a digital asset investment platform providing regulated DeFi exposure to institutional investors; this integration includes 10 asset management, risk, and technology experts. Meanwhile, tokenization protocol Midas announced on its X platform that it has appointed RockawayX as the strategy manager for its mMEV and mevBTC products, effective immediately. RockawayX manages approximately $2 billion in assets and will be responsible for ongoing risk monitoring and strategy oversight. Midas added that all pending redemptions have been processed at the latest verified price. (The Block)