$200 Million Galois Crypto Hedge Fund Shuts Down as Half of Assets Stuck on FTX Exchange – This is What Happened
Crypto hedge fund Galois Capital has closed its flagship fund after losing almost half of its capital in the FTX collapse, and later selling the claim to the assets. The hedge fund confirmed the news in a Twitter thread...
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
The hedge fund confirmed the news in a Twitter thread on Monday, where it said, “it is true that our flagship fund is shutting down.” It added that it lost almost half of its assets in the FTX collapse, and that it later “sold the claim for cents on the dollar.”...
Read More: $200 Million Galois Crypto Hedge Fund Shuts Down as Half of Assets Stuck on FTX Exchange – This is What Happened
Why this matters
This cryptocurrency story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
Original source
Read on CryptonewsRelated market context
Fourth crypto exchange shuts down in just six weeks
US-based crypto exchange ABFinance, founded by ByBit’s former CEO Helen Liu, closed its doors last week before it ever opened. ABF...
Half of Aave’s debt sits in just 9% of positions built around one Ethereum correlation trade
Galaxy's Aug. 7 snapshot of Aave V3 Core found 19,073 loans on the protocol after applying standard filters. Fewer than 9% of thos...
Printr shuts down, cancels token launch and airdrop by Aug. 31
Printr's shutdown highlights the volatility and risks in crypto ventures, leaving users with sunk costs and emphasizing the need f...
Omnichain Launchpad Printr Shuts Down, Cancels Token Launch And Airdrop
Printr, a token launchpad that deployed assets across eight chains from one interface, said Monday it has begun winding down and w...
XRP Price Prediction: Wells Fargo Disclosed Millions in XRP Holding
XRP price trades near $1.00, remaining near the key level that separates confidence from doubt for its prediction. That flatline h...
SEC Shelved Crypto Fundraising Rulemaking After Wall Street Group Weighed Legal Challenge: Report
The Securities and Exchange Commission abruptly canceled an open meeting Friday that would have started the formal rulemaking proc...