• Bitcoin
  • NFT
  • Binance
  • ETH
  • DeFi
  • Metaverse
  • IDO
  • Coinbase
  • Solana
  • ETF
  • FTX
  • GameFi
Newsletter
  • Home
  • Crypto News
  • Market
  • Learn
No Result
View All Result
  • Home
  • Crypto News
  • Market
  • Learn
No Result
View All Result
CoinLive
No Result
View All Result
Home Crypto News

Multicoin “buried” half of the capital from the FTX crisis

189
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter

It would seem the fallout from the FTX liquidity catastrophe has not stopped still, with surprising developments and findings announced currently.

Multicoin “buried” half of the capital from the FTX crisis

Crypto asset management giant Multicoin Capital has misplaced half its capital in the previous two weeks, the enterprise itself has uncovered Blocks.

Related articles

Investment capital flows into cryptocurrencies have grown for 8 consecutive weeks

Investment capital flows into cryptocurrencies have grown for eight consecutive weeks

November 21, 2023
Layer-2 Blast requires $20 million in capital, aiming to raise interest rates for ETH and stablecoin holders

Layer-two Blast necessitates $twenty million in capital, aiming to increase curiosity prices for ETH and stablecoin holders

November 21, 2023

Multicoin misplaced fifty five% of its assets — the worst reduction in the organization’s background, citing 3 sources acquainted with the matter. This figure does not include things like illiquid investments. 9.seven% of the fund’s assets, together with derivatives, are locked in FTX.

Multicoin is acknowledged to be 1 of the oldest and biggest investment managers and seems prepared to consider the investment place in FTX to round zero, but the ultimate determination will rest with the fund’s auditors and administrators.

However, Multicoin will not shut out or convert to a proprietary trade. The organization is in the approach of strengthening its operations and infrastructure and is doing work to cut down counterparty danger.

Solana’s SOL token is also a aspect leading to losses for Multicoin. The the moment powerful ecosystem underneath former FTX CEO Sam Bankman-Fried has been hit and witnessed promoting off in latest weeks. In addition, Multicoin is also influenced by Solana Mango, US equity holding of FTX and derivative contracts.

As of six/eleven, Multicoin held somewhere around 13% of assets on FTX. Before FTX suspended withdrawals on Nov. eight, Multicoin managed to recover 24% of assets on the exchange, but how a lot is even now unclear.

In addition to Multicoin, there have been a amount of other organizations that have both been concerned or misplaced funds from FTX. Yesterday, loan company Genesis Trading and depository app Gemini Earn blocked withdrawals since they have been caught all-around $175 million on FTX. Up to $850 million has been withdrawn from the exchange in the previous 24 hrs. Later, a lot of significant gamers like Binance and MakerDAO posted forums to reassure end users. In addition, B2C2 has made available to purchase back Genesis Trading’s loans, but only partially.

Synthetic currency68

Maybe you are interested:

Maybe you are interested:

Tags: buriedCapitalcrisisFTXMulticoin
Share76Tweet47

Related Posts

BlackRock ETF Leads Bitcoin Inflow with $284 Million

by shark
June 5, 2025
0

Spot Bitcoin ETFs see $87M net inflow, BlackRock's IBIT leads with $284M.

Moroccan Authorities Arrest Crypto-Related Kidnapping Suspect

by shark
June 5, 2025
0

Moroccan police arrest suspect linked to crypto kidnappings in France, impacting entrepreneurs and urging security enhancements.

Solo Miner ‘Solo CK’ Earns $330K in Bitcoin Block

by shark
June 5, 2025
0

Solo CK, a Bitcoin miner, earned $330,386 by mining a Bitcoin block, showcasing individual success in the mining community.

US-El Salvador Dialogue Sparks Bitcoin Market Optimism

by shark
June 5, 2025
0

Bo Hines, Trump's executive director of digital assets, discusses Bitcoin collaborations with President Nayib Bukele on June 5, 2025.

Crypto Leverage Risk Increases, CeFi and DeFi Interdependencies Tighten

by shark
June 5, 2025
0

An exploration of increased systemic risks due to tightening leverage interdependencies between centralized finance (CeFi), decentralized finance (DeFi), and crypto...

Load More

Tags

analysis announces Bank billion Binance Bitcoin Blockchain BTC CEO Coin Coinbase Crypto cryptocurrencies Cryptocurrency DeFi ETH Ethereum Exchange Finance FTX fund game General News Information Investment Latest Launch launches market Metaverse million Network News NFT platform Price project Protocol Review SEC Solana Token trading users wallet

Recent Posts

  • BlackRock ETF Leads Bitcoin Inflow with $284 Million
  • Qubetics Kaspa and Tezos Emerge as the Best Crypto to Buy Now After Policy Shifts Shape 2025 Trends
  • Moroccan Authorities Arrest Crypto-Related Kidnapping Suspect
  • Solo Miner ‘Solo CK’ Earns $330K in Bitcoin Block
  • US-El Salvador Dialogue Sparks Bitcoin Market Optimism
  • Crypto Leverage Risk Increases, CeFi and DeFi Interdependencies Tighten
  • Amazon Tests Humanoid Robots for Package Deliveries
  • Brazil Integrates CBDC Data for Interest Rate Decisions
  • About
  • FAQ
  • Contact Us
  • IGO
  • Altcoin
  • Terra
  • Launchpad
  • P2E
  • META
  • AXS
Email us: [email protected]

© 2021 CoinLive - Crypto News 24/7

No Result
View All Result
  • Home
  • Crypto News
  • Market Analysis
  • Learn

© 2021 CoinLive - Crypto News 24/7