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How did Multicoin perform in 2022?

As the broader crypto market rebounded from last year’s lows, Multicoin reported the fund gained 100.9% in January 2023, bringing the fund’s inception-to-January return to 2,866%. Multicoin’s 2022 losses stem from the assets stuck on FTX and holdings in tokens directly impacted by FTX, including the exchange token FTT.

Will Multicoin recover funds from FTX?

Multicoin anticipates that it may not be able to recover its funds from FTX, as these assets are now involved in bankruptcy proceedings. This is a change from Multicoin's previous position, having announced a $430 million fund in July, its third and largest to date.

Does Multicoin Capital Invest in liquid tokens?

Multicoin Capital, headed by managing partner Kyle Samani, launched in October 2017 its hedge fund strategy to invest in liquid tokens. The firm also operates three venture capital funds and has invested in the now-bankrupt exchange FTX.

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