Travis Kling, the company’s founder and chief investment officer, said that the California-based hedge fund Ikigai Asset Management had a “vast majority” of its assets on the now-defunct cryptocurrency exchange FTX.
On Monday, Kling stated through Twitter that Ikigai got affected by the FTX crash last week. The majority of the assets of the hedge fund were on the FTX exchange and they received very little amount by the time they tried to withdraw on Monday morning. They are currently stranded like everyone else due to the FTX collapse.
Unfortunately, I have some pretty bad news to share. Last week Ikigai was caught up in the FTX collapse. We had a large majority of the hedge fund’s total assets on FTX. By the time we went to withdraw Monday mrng, we got very little out. We’re now stuck alongside everyone else.
— Travis Kling (@Travis_Kling) November 14, 2022
Ikigai’s Current Roadmap
According to Kling’s Twitter thread, the company will continue trading its non-FTX-stuc
We współpracy z: https://coingape.com/this-hedge-fund-loses-majority-of-funds-ftx-bankruptcy/
