How much of Galois capital's funds are stuck on FTX?

Crypto hedge fund Galois Capital told CoinDesk in a Telegram message on Saturday that around half of its funds are stuck on FTX, the beleaguered crypto exchange which filed for chapter 11 bankruptcy protection on Friday. The funds locked in FTX total around $40 million, Galois co-founder Kevin Zhou said.

Is half of the hedge fund's capital trapped on FTX?

According to the co-founder of Galois Capital, the hedge fund manager who warned about the Terra collapse before it happened, half of the hedge fund’s capital is left trapped on FTX. Galois co-founder, Kevin Zhou, wrote a letter to investors explaining the situation and said he was “deeply sorry” about the turn of events.

Why is Galois capital shutting down?

Crypto hedge fund Galois Capital is shutting down as nearly half of its assets are trapped on FTX, the collapsed cryptocurrency exchange which filed for bankruptcy in November last year. “Galois Capital is a crypto hedge fund that specializes in over-the-counter trading and algorithmic market-making,” its website describes.

Who is Galois capital?

REUTERS/Dado Ruvic/Illustration Nov 12 (Reuters) - Galois Capital is the latest hedge fund caught off guard after close to half its assets were trapped on collapsed crypto exchange FTX, the Financial Times said on Saturday, estimating the amount to be around $100 million.