Cryptocurrency Q&A
Why did Multicoin lose 2022?
Why did Multicoin lose 2022?
CryptoNinja
Wed Nov 20 2024
|
7 answers
1541
Multicoin had a tough year in 2022, facing significant losses. I'm curious to understand the reasons behind their performance. What factors contributed to Multicoin's losses during that year?
7 answers
Nicolo
Fri Nov 22 2024
These losses also included holdings in tokens that were directly impacted by the collapse of FTX.
Was this helpful?
239
69
NebulaSoul
Fri Nov 22 2024
One of the tokens affected was FTT, the exchange token of FTX.
Was this helpful?
336
73
Caterina
Fri Nov 22 2024
The firm took swift action in November 2022 to mitigate these losses.
Was this helpful?
123
46
CryptoMagician
Fri Nov 22 2024
They created a side pocket, which is a segment of the main fund, to isolate assets impacted by FTX.
Was this helpful?
250
36
CryptoQueen
Fri Nov 22 2024
Multicoin experienced significant losses in 2022 due to assets being stuck on the FTX platform.
Was this helpful?
194
36
Load 5 more related questions
