crypto hedge fund Galois Capitalhalf of the funds FTXHe conveyed to his investors that he was stuck in the stock market.
Cryptocurrency exchange FTXWith the collapse of , the funds of investment companies also entered into troubled processes. FTX and Alameda , they’ve been pretty powerful sister companies in the crypto industry for a long time. However, after the recent events, both companies declared bankruptcy. Organizations that are affiliated with or collaborate with these companies are looking for ways to recover their assets from companies that have collapsed. one of these companies Galois Capitaladmitted that half of its funds were stuck in the crashing stock market.
Galois Capital Addresses FTX Events
Crypto hedge fund company Galois Capital, its users FTX informed about the events. Galois was not included in the Bahamian method, which is the method used by other companies. This method was the process of sourcing from the place where the collapsed companies were headquartered.
Co-founder of hedge fund company Kevin Zhou, has established an active communication with its investors in recent days. zhouto its investors FTXHe stated that he was able to withdraw some funds from but almost half of the funds were stuck inside.
Zhou stated that they will spend a lot of work to recover the funds trapped inside. He also added that if FTX files any bankruptcy protection claim, his company will be on the creditor list.
