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Investors shy away from crypto hedge funds as FTX contagion fears spread

‘At this stage, nobody really knows how far the effects of FTX will go’

Caution over how many more firms will fail is causing investors to stay on the sideline
Caution over how many more firms will fail is causing investors to stay on the sideline Photo: Alamy

Investors are shying away from crypto hedge funds as the collapse of FTX kickstarts a contagion that has rocked the digital assets space.

The ripples of FTX's collapse have spread quickly across crypto. On 28 November, BlockFi became the latest firm to file for bankruptcy amid significant exposure to the fallen exchange.

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