Crypto hedge fund Galois Capital, whose founder is credited with spotting the collapse of cryptocurrency luna and its linked stablecoin terraUSD, earlier this year, has confirmed that around half of its assets – up to $45 million – are trapped in collapsed cryptocurrency exchange FTX, according to a report by Bloomberg.
Crypto hedge fund Galois Capital, whose founder is credited with spotting the collapse of cryptocurrency luna and its linked stablecoin terraUSD, earlier this year, has confirmed that around half of its assets – up to $45 million – are trapped in collapsed cryptocurrency exchange FTX, according to a report by Bloomberg.
After originally admitting on Friday that it had “significant: exposure to FTX, the fund subsequently confirmed to Bloomberg that the figure was in the range of $40 million to $45 million.
Galois, one of the industry’s biggest crypto-focused quant funds with more than $200 million in assets as of this summer, is just one of several forms to have so far disclosed exposure to FTX. Others include prime brokerage Genesis Trading and Michael Novogratz’s Galaxy Digital.
