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According to Coindesk, California-based hedge fund Ikigai Asset Management had a "large majority" of its assets on defunct crypto exchange FTX, according to the firm's founder and chief investment officer Travis Kling. "Last week Ikigai was caught up in the FTX collapse. We had a large majority of the hedge fund’s total assets on FTX," Kling said on Twitter on Monday. "By the time we went to withdraw Monday mrng, we got very little out. We’re now stuck alongside everyone else." In his Twitter thread, Kling said that in the near term, the company would continue trading the assets it has that are not stuck in FTX, and also make a decision about what to do with its venture fund, which was not affected by FTX.

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【Ikigai Asset Management had 'large majority' of assets on FTX】According to Coindesk, California-based hedge fund Ikigai Asset Management had a "large majority" of its assets on defunct crypto exchange FTX, according to the firm's founder and chief investment officer Travis Kling. "Last week Ikigai was caught up in the FTX collapse. We had a large majority of the hedge fund’s total assets on FTX," Kling said on Twitter on Monday. "By the time we went to withdraw Monday mrng, we got very little out. We’re now stuck alongside everyone else." In his Twitter thread, Kling said that in the near term, the company would continue trading the assets it has that are not stuck in FTX, and also make a decision about what to do with its venture fund, which was not affected by FTX.

Ikigai Asset Management had 'large majority' of assets on FTX

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