Hedge fund Galois shuts down after half its assets trapped on FTX

02/20 05:43

According to the FT, the hedge fund Galois Capital decided to stop all transactions, close all positions, and return 90% of the funds not trapped on FTX to customers after closing the fund. The remaining 10% will be put on hold until determined after discussions with managers and auditors. Co-founder Kevin Zhou says fund is no longer viable and sells claim on collapsed crypto exchange for 16 cents on dollar.

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