Hedge Fund of Galoisofficial Kevin Zhou, affected by the FTX scandal of Galoisindicated that it would cease its operations.
of Galoisone of the founding partners Kevin zhou, FTXhit hard by the stock market crash hedge Fund of Galois stated that it will terminate its operations. decision to close galois, FTX became one of the major victims of its collapse. Moreover galois announced that it is selling its shares at 16 cents. At the same time galoisHe added that the remaining money will be returned to the investors.
Kevin Zhou Made Statements About Galois Activities
financial timesIn the light of documents shared by 200 million dollarfund manager galois capital announced that it has terminated its business activities. Moreover financial times, galoishalf of fund assets still FTXHe added that he remained in the stock market.
of Galoisone of the founding partners Kevin zhouHe expressed his words as follows;
“Given the FTX scandal, we think the funding is not fit to continue financially and culturally. I’m sorry for the situation we’re in.
galoisIn the article he published about the decision to terminate its activities, investors in FTXunused fund values percentage 90 He stated he would take it. The rest percentage 10′If the part is, of Galoistemporarily during the negotiations and inspections by the to be held.
