Ikigai Asset Management [hedge fund] Had 'Large Majority' of Assets on FTXwww.coindesk.com/business/2022/11/14/ikigai-asset-management-had-large-majority-of-assets-on-ftx
321 sats \ 5 comments \ @ExponentialBTC 14 Nov 2022 bitcoin
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30 sats \ 0 replies \ @HardMoney 15 Nov 2022
The amount of shitcoin projects that kept their treasuries with FTX is alarming as well
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10 sats \ 0 replies \ @ExponentialBTC OP 14 Nov 2022
An archive of the article is here. An archive has no paywall, no subscription requirement, and can be easier to read.
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26 sats \ 0 replies \ @8 14 Nov 2022
Sad, I learned a few things from Travis
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25 sats \ 0 replies \ @2big2fail 14 Nov 2022
exchanges have never advertised themselves as custodians. why would anyone do this
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0 sats \ 0 replies \ @ExponentialBTC OP 14 Nov 2022
Here's the Tweet by Ikigai's Travis Kling which kicked off the Twitter thread where he announced this development:
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.
https://twitter.com/Travis_Kling/status/1592198107734876160 [Nitter]
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