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Galois Capital’s CEO says ‘crypto will endure’ after shutting down hedge fund

The hedge fund lost almost 50% of its assets to the FTX crisis

Sector experts say the FTX fallout isn't over yet
Sector experts say the FTX fallout isn't over yet Photo: Jakub Porzycki/Getty Images

Crypto hedge fund Galois Capital has closed its flagship fund after failing to recover from FTX losses.

Galois Capital, which had around $200m in assets under management, sold the claims on collapsed crypto exchange FTX “for cents on the dollar”, founder Kevin Zhou said in a tweet on 20 February.

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