Cryptocurrency Q&A
Why did Multicoin lose 2022?
Why did Multicoin lose 2022?
CryptoNinja
Wed Nov 20 2024
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7
answers
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Multicoin had a tough year in 2022, facing significant losses. I'm curious to understand the reasons behind their performance. What factors contributed to Multicoin's losses during that year?
7 answers
Nicolo
Fri Nov 22 2024
These losses also included holdings in tokens that were directly impacted by the collapse of FTX.
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NebulaSoul
Fri Nov 22 2024
One of the tokens affected was FTT, the exchange token of FTX.
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Caterina
Fri Nov 22 2024
The firm took swift action in November 2022 to mitigate these losses.
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CryptoMagician
Fri Nov 22 2024
They created a side pocket, which is a segment of the main fund, to isolate assets impacted by FTX.
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CryptoQueen
Fri Nov 22 2024
Multicoin experienced significant losses in 2022 due to assets being stuck on the FTX platform.
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