Yes, the biggest crypto market drama in years in the FTX platform crash is unfolding before our very eyes.
Making a good example of persecuting an irresponsible crypto player so other crypto is safer, the events unfold quick. Including a bunch of investigations.
Sino Global Capital, one of Asia’s most renowned and most user friendly crypto investors and led by Matthew Graham, tweeted a statement this week that, direct quote:
“direct exposure to FTX exchange was confined to mid-seven figures held in custody.”
Now some question the feeble way it was phrased – as in how much exactly were they involved. Moreover talking about a portfolio of digital tokens that stood at $129 million as recently earlier this year, according to investor documents; many of those tokens, including the Solana blockchain’s SOL, were among those tightly associated with Sam Bankman-Fried, the once-billionaire crypto whiz-kid-turned-pariah who ran FTX.
What’s bringing the extra kind of scepticism now is the surfacing of a slide deck – posted on a public website but confirmed as authentic by a person who knows the matter. It just might imply that Sino had pursued to investors earlier this year when it was raising a crypto investment fund, with a target of as much as $200 million.
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SOURCE:
https://www.coindesk.com/business/2022/11/18/crypto-fund-sino-global-had-deep-ties-to-ftx-beyond-equity-investment/
