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Does Multicoin Capital have a pending withdrawal on FTX?

Crypto-focused venture capital firm Multicoin Capital hasaround 10% of the total assets under management of its Master Fund stuck as pending withdrawals on FTX, according to a letter from the firm viewed by The Block. Multicoin was able to move about 24% of its FTX-held assets before the withdrawal freeze went into effect on Tuesday.

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.

Why did Multicoin lose 2022?

Multicoin’s 2022 losses stem from the assets stuck on FTX and holdings in tokens directly impacted by FTX, including the exchange token FTT. According to the letter, in November 2022 the firm quickly created a side pocket (a carveout of the main fund) for assets impacted by FTX.

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