2023-02-23
Galois Capital is another hedge fund
that went bankrupt due to the collapse of FTX. The fund will reimburse all
investors and shut down. Last year Galois Capital managed $200 in total assets.
Galois Capital confirmed shut down on Twitter.
FTX has about 1 million creditors and
Galois is one of them. Galois Capital has $40 million worth of assets stuck on
FTX and those assets were unable to be withdrawn after the collapse of FTX. It stated
that clients will receive 90% of their money not related to FTX back. The
remaining 10% will be held temporarily and will be refunded after audits have
been completed.
