The crypto asset management firm Ikigai detailed that “a large majority of the hedge fund’s total assets” were stored on FTX.
was caught up in the FTX collapse. We had a large majority of the hedge fund’s total assets on FTX. By the time we went to withdraw Monday [morning], we got very little out. We’re now stuck alongside everyone else.”happened to the hedge fund Galois Capital, according to the company’s co-founder Kevin Zhou. The Galois co-founder noted that his firm had “roughly half” of the firm’s capital “stuck on FTX.” Kling’s thread published on Nov.
“The amount of support we’ve received has been astonishing given the circumstances, and deeply heartwarming,” Kling remarked. However, Kling further stressed that he wasn’t too pleased with the decisions he made. Kling said: It was entirely my fault and not anyone else’s. I lost my investors’ money after they put faith in me to manage risk and I am truly sorry for that. I have publicly endorsed FTX many times and I am truly sorry for that. I was wrong.
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