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.

What happened to FTX's cryptocurrency funds?

Hundreds of millions of dollars in cryptocurrency funds have apparently vanished from the bankrupt crypto exchange's accounts. Bankrupt crypto exchange FTX is investigating a possible hack involving hundreds of millions of dollars in cryptocurrency funds that seem to have gone missing from its accounts, various media outlets reported Saturday.

What happened to Galois capital?

Secure your seat today One of the world’s largest crypto-focused quantitative funds, Galois Capital, has called it quits after losing a sizeable portion of its capital in the collapse of FTX, the firm said in a tweet on Monday. "Thank you all for the kind words.

What's happening with FTX Trading Ltd?

We’ll send you a myFT Daily Digest email rounding up the latest FTX Trading Ltd news every morning. A hedge fund that was one of the highest-profile victims of the FTX scandal when half its assets were trapped on the collapsed cryptocurrency exchange has decided to close and return its remaining money to investors.