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Crypto News: Sam Bankman-Fried (SBF) led FTX collapse is still hounding the global crypto market. In the latest turn of events, one of the biggest profile victims of the FTX crash has decided to shut down. However, the hedge fund has also formed a decision to return money to the investors.
According to a report by Financial Times, Galois Capital told its investors that it had terminated all its trading and unrolled all its positions in the market. The hedge fund was managing around $200 million in assets, while it was one of the biggest crypto focused pools by the last year.
Kevin Zhou, Galois Capital reportedly stated that keeping FTX impact in sight, the hedge fund does not believe that it would be able to continue operating. However, he regretted being in this position. Read More Crypto News Here…
(THIS IS A DEVELOPING STORY)
The post Breaking: Another Hedge Fund Collapses In Foray Of FTX; Market To Decline? appeared first on CoinGape.
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