Hedge fund Galois Capital, one of the victims of the collapse of FTX, has announced a surrender in the whites. After half of his assets were trapped in a bankrupt exchange And finally, the fund decided to shut down and return the remaining assets to investors.
On November 12, 2022, the hedge fund accepted in an announcement from its official Twitter account.
followThe Financial Times reports that the fund is now telling investors in a letter that All trading has been suspended, with Galois Capital co-founder Kevin Zhou apologizing to investors and pointing out that the extreme FTX situation prevented them from rationalizing how to proceed.
In addition, the fund said Investors will get back 90% of their available funds. which is not locked in FTX, with the company temporarily keeping the remaining 10% until discussions are completed.
FTX’s bankruptcy has brought many to a halt. Including companies like New Huo Technology and Nestcoin Galois Capital were among the many victims of the FTX crash, with at least $50 million stuck.
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