Top-tier quant fund Galois_Capital masterfully predicted $LUNA collapse; Here's how much it lost in FTX
According to a letter to Galois Capital employees shared with FT, the founders are doing their best to mitigate investors' losses — they even managed to pull some money out of the falling exchange FTX.that the losses are significant, but also stated that no legal instruments were used in the Bahamas to recover the funds:For the record, yes we did have significant funds stuck on FTX. No, we did not use any Bahamian method to move funds out.
Galois Capital made headlines in early 2022 as it criticized the Terra blockchain, its Anchor Protocol and the TerraUSD stablecoin. Galois Capital predicted the collapse of Terra's ecosystem and warned retail and institutional investors against injecting their liquidity into Terra's products.At the same time, the Galois Capital team claims that the losses are not devastating for the entity.
Galois Capital is well known as one of the largest crypto-focused quant trading funds and a prominent market maker of the cryptocurrency segment.
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