How much of Galois capital's funds are stuck on FTX?

Crypto hedge fund Galois Capital told CoinDesk in a Telegram message on Saturday that around half of its funds are stuck on FTX, the beleaguered crypto exchange which filed for chapter 11 bankruptcy protection on Friday. The funds locked in FTX total around $40 million, Galois co-founder Kevin Zhou said.

Who owns the crypto funds on FTX?

Tom Williams/Getty Images Institutional investors owned most of the crypto funds on FTX, experts told UK lawmakers Monday. The exchange's collapse is likely to hit them hardest, with Galaxy Digital losing $77 million. Billions of dollars in customer funds has disappeared in the implosion of bankrupt FTX.

Who is Galois capital?

REUTERS/Dado Ruvic/Illustration Nov 12 (Reuters) - Galois Capital is the latest hedge fund caught off guard after close to half its assets were trapped on collapsed crypto exchange FTX, the Financial Times said on Saturday, estimating the amount to be around $100 million.

What will happen to FTX clients after the fund's closure?

Galois said in the letter that the fund’s closure would see clients receive 90 per cent of the money not trapped on FTX. The remaining 10 per cent would be temporarily held back until discussions with the administrators and auditor were finalised.