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This fund may fail because of the collapse of FTX



Multicoin Capital is a crypto investment capital firm with a stake of more than $25 million in FTX according to The Block.

Along with the $25 million investment in FTX US, the venture fund also held about $2 million in FTX International.

The Block contacted Multicoin but the company declined to comment.


What happened to FTX ?


Last week, FTX announced that it was facing a liquidity crisis earlier this week and that rival exchange Binance would acquire it. On Friday, FTX filed for Chapter 11 bankruptcy protection.

According to analysts at The Block, about 10 percent of Multicoin Master Fund's total AUM is stuck on the cryptocurrency exchange.


We discussed this in depth in this article.

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