SEC charges fund adviser Galois Capital for FTX crypto custody
[Sep 3 7:16 PM] The fund allegedly lost about half of its assets following FTX's collapse.
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Crypto Hedge Fund Galois Capital Fined $225,000 by SEC for Custody Rule Violations
[Sep 3 5:20 PM] The U.S. Securities and Exchange Commission (SEC) has slapped Galois Capital Management LLC with a $225,000 fine for falling short of the Custody Rule laid out in the Investment Advisers Act. The crypto-centric hedge fund and advisory firm was also…
Crypto Firm Galois Capital Faces $200K Fine From US SEC For ‘Investor Violations’
[Sep 3 5:19 PM] The US Securities and Exchange Commission (SEC) has announced a settlement with troubled crypto hedge fund Galois Capital. The SEC charged Galois with failing to meet critical requirements for safeguarding customer assets, including those the…
Crypto Hedge Fund Galois Capital Shuts Down — ‘We Lost Almost Half Our Assets to FTX Disaster’
[Feb 20, 2023 5:00 PM] Crypto hedge fund Galois Capital is shutting down after losing about half of its assets to the FTX disaster. “Given the severity of the FTX situation, we do not think it is tenable to continue operating the fund both financially and…
Hedge fund closes operations after losing funds in FTX exchange: Report
[Feb 20, 2023 2:10 AM] Galois Capital will return 90% of the available funds to investors and temporarily hold on to the remaining 10%.
This Firm Offers 8 To 12 Cents On A Dollar Of FTX User Deposit Claims
[Nov 16, 2022 1:56 PM] The FTX crisis has escalated into a legal battle between bankrupt crypto exchanges and firms whose assets are stuck on its platform. Before FTX froze assets withdrawal, many crypto firms couldn’t recover their funds from the exchange. As a…
Ikigai Exec Says ‘Large Majority’ of Crypto Asset Management Firm’s Funds Stuck on FTX
[Nov 14, 2022 3:30 PM] After Kevin Zhou, the co-founder of the hedge fund Galois Capital, revealed half of the firm’s assets were held on FTX, another crypto asset management firm called Ikigai detailed that “a large majority of the hedge fund’s total assets” were store
Hedge Fund Galois Capital Discloses ‘Roughly Half’ of the Firm’s Capital ‘Stuck on FTX’
[Nov 12, 2022 1:30 PM] According to the co-founder of Galois Capital, the hedge fund manager who warned about the Terra collapse before it happened, half of the hedge fund’s capital is left trapped on FTX. Galois co-founder, Kevin Zhou, wrote a letter to investors…