Galois Capital – DIGIT INFO

Crypto Hedge Fund Galois Capital Fined $225,000 by SEC for Custody Rule Violations

DIGIT — Tue, 03 Sep 2024 17:20:50 +0000

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 accused of misleading investors about the redemption process. SEC Charges Galois Capital According to the […]

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Crypto Hedge Fund Galois Capital Shuts Down — ‘We Lost Almost Half Our Assets to FTX Disaster’

DIGIT — Mon, 20 Feb 2023 23:00:52 +0000

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 culturally,” the fund’s co-founder told investors. Crypto Hedge Fund Shuts Down Due to FTX […]

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Hedge fund closes operations after losing funds in FTX exchange: Report

DIGIT — Mon, 20 Feb 2023 08:10:37 +0000

Galois Capital will return 90 percent of the funds that are available to investors and will hold on to the remaining 10 percent temporarily.

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Ikigai Exec Says ‘Large Majority’ of Crypto Asset Management Firm’s Funds Stuck on FTX

DIGIT — Mon, 14 Nov 2022 21:30:15 +0000

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 stored on FTX. Ikigai chief investment officer, Travis Kling, told the public on Twitter and […]

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Hedge Fund Galois Capital Discloses ‘Roughly Half’ of the Firm’s Capital ‘Stuck on FTX’

DIGIT — Sat, 12 Nov 2022 19:30:10 +0000

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 explaining the situation and said he was “deeply sorry” about the turn of events. Galois […]

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Survey That Asks if The Merge Could Cause an Ethereum Chain Split Sparks PoS Delay Discussions

DIGIT — Sun, 31 Jul 2022 18:30:22 +0000

While there’s 50 days left until the week of September 19, the crypto community has been discussing whether or not Ethereum developers will delay the penciled-in date for The Merge. Moreover, on July 27, the crypto hedge fund Galois Capital published a survey on Twitter that indicates more than 33% of the survey’s respondents think […]

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