Crypto hedge fund Galois Capital is shutting down after facing significant losses in FTX’s collapse last year. The fund’s remaining money will be distributed to its investors. Popular crypto hedge fund Galois Capital is closing shop after operating in the crypto space for six years. The fund announced earlier on 20 February that it was […]
Crypto hedge fund Galois Capital is shutting down after facing significant losses in FTX’s collapse last year.Popular crypto hedge fund Galois Capital is closing shop after operating in the crypto space for six years. The fund announced earlier on 20 February that it was shutting down due to the loss it faced after the collapse ofGalois Capital was identified as one of the most high-profile victims of Sam Bankman-Fried’s failed crypto empire.
The remaining 10% will reportedly remain with the fund until the finalization of discussions with auditors, administrators, and other stakeholders. “Given the severity of the FTX situation, we do not think it is tenable to continue operating the fund both financially and culturally, Once again I’m terribly sorry about the current situation we find ourselves in.”
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
HIGH SCHOOL BASKETBALL: Warriors, Phoenix claim Capital region titles | SaltWireHalifax schools swept the Capital region division one high school basketball banners at Saint Mary's University on Sunday. The Halifax West Warriors ...
Read more »
Zambian authorities testing technology for crypto regulationZambia’s central bank and securities regulators are currently testing the technology to regulate cryptocurrencies. The country is already putting in place the infrastructure required to help the nation achieve this target. Zambia’s central bank and securities regulators are currently testing the technology to regulate cryptocurrencies, said a Zambian government minister. Felix Mutati, Zambia’s Minister of […]
Read more »
Crypto’s next bull run will come from the east, says Gemini co-founderCameron Winklevoss, the co-founder of Gemini, opined that the next crypto bull run will come from the East. His remarks came amid a ramp-up in enforcement action and impending crackdowns by the U.S. regulators. Cameron Winklevoss, the co-founder of Gemini, recently opined that the next crypto bull run will come from the East. His remarks […]
Read more »
Meet the modern side of Madrid:Where to eat, drink and explore in the historic yet hip Spanish capitalTour the storied landmarks, and then take in Madrid’s modern side, from a stylish cocktail bar to a private contemporary art museum.
Read more »
Canada sending two small, slow naval ships to Haiti: Here's what they might do thereThe federal government has shed little light on their mission, except that they’ll concentrate their work near the capital Port\u002Dau\u002DPrince.
Read more »
Canada sending two small, slow naval ships to Haiti: Here's what they might do thereThe federal government has shed little light on their mission, except that they’ll concentrate their work near the capital Port\u002Dau\u002DPrince.
Read more »