As of February 25th, the assets under management (AUM) of MEV Capital plummeted 80%, to approximately $300 million, far below the peak of $1.15 billion on October 15, 2025. In October last year, the company suffered over $10 million in direct losses due to a stablecoin de-pegging incident. The company's revenue for Q1 2026 dropped to $804,720, an 86.8% decrease from Q4 2025. CEO Laurent Bourquin has stepped down, and about 10 out of 15 employees have left. Belem Capital has incorporated MEV's institutional asset management team, while Midas has appointed RockawayX as the new strategy manager for its products.