Tyr Capital Partners, a crypto hedge fund based in Geneva, Switzerland, was raided by prosecutors after a criminal mismanagement complaint filed by investor TGT due to losses suffered after the collapse of crypto exchange FTX.
Swiss Prosecutors Raided FTX-Linked Tyr Capital Partners
One of the highest-profile crypto hedge funds, Tyr Capital Partners, was investigated by prosecutors in August last year, reported FT on February 20. TGT, a fund that invested with Tyr Capital Partners, accused Tyr of criminal mismanagement as it ignored an internal risk limit and investor warnings over exposure to FTX.
The collapse of FTX caused many firms to fall as new information continued to come into light during multiple FTX and Sam Bankman-Fried lawsuits, as well as FTX bankruptcy proceedings.
TGT claimed it raised concerns regarding FTX’s financial health between November 7 and 10 2022. However, Tyr Capital Partners chief investment officer Edouard Hindi ignored their concerns and only tried to w
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