Travis Kling, the company’s founder and chief investment officer, said that the California-based hedge fund Ikigai Asset Management had a “vast majority” of its assets on the now-defunct cryptocurrency exchange FTX.
On Monday, Kling stated through Twitter that Ikigai got affected by the FTX crash last week. The majority of the assets of the hedge fund were on the FTX exchange and they received very little amount by the time they tried to withdraw on Monday morning. They are currently stranded like everyone else due to the FTX collapse.
ជាអកុសល ខ្ញុំមានព័ត៌មានមិនល្អមួយចំនួនដើម្បីចែករំលែក។ កាលពីសប្តាហ៍មុន Ikigai ត្រូវបានជាប់នៅក្នុងការដួលរលំ FTX ។ យើងមានទ្រព្យសម្បត្តិសរុបរបស់មូលនិធិការពារហានិភ័យភាគច្រើននៅលើ FTX ។ ដល់ពេលយើងទៅដកថ្ងៃច័ន្ទ mrng យើងចេញតិចណាស់។ ឥឡូវនេះ យើងជាប់គាំងជាមួយអ្នកផ្សេង។
- Travis Kling (@Travis_Kling) ខែវិច្ឆិកា 14, 2022
Ikigai’s Current Roadmap
According to Kling’s Twitter thread, the company will continue trading its non-FTX-stuck assets and will soon decide what to do with its venture fund which was not affected by the FTX meltdown.
He stated that there is a great deal of ambiguity surrounding the timeline and likelihood of recovery for FTX consumers. “But at some point, we’ll be able to make a better call on whether Ikigai is going to keep going or just move into wind-down mode.” he added.
អានបន្ថែម: SBF លាលែងពីតំណែង លោក John Ray III ចូលរួមជានាយកប្រតិបត្តិ FTX ថ្មី។
Kling claimed that he had been in frequent contact with Ikigai’s investors since Monday and accepted full responsibility for the possible loss of funds. According to him, he has sincerely apologized to his investors for losing the money they trusted him with and further said:
“I have publicly endorsed FTX many times and I am truly sorry for that. I was wrong.”
About Ikigai
Ikigai was established in 2018 and in May, it launched a new venture fund with $30 million in funding from its current investors. Ikigai had more than 275 investors worldwide, according to a press release given during the investment round.
Kling further stated that,
“It’s obvious now that the space has not done enough to identify and expel bad actors. We’re letting way too many sociopaths get way too powerful and then we all pay the price. If Ikigai continues on, we pledge to fight harder in this regard. It’s a fight worth fighting.”
ខ្លឹមសារដែលបានបង្ហាញអាចរាប់បញ្ចូលទាំងគំនិតផ្ទាល់ខ្លួនរបស់អ្នកនិពន្ធនិងស្ថិតក្នុងស្ថានភាពទីផ្សារ។ ធ្វើការស្រាវជ្រាវទីផ្សាររបស់អ្នកមុនពេលវិនិយោគលើគ្រីបគ្រីប។ អ្នកនិពន្ធឬការបោះពុម្ពផ្សាយមិនទទួលខុសត្រូវចំពោះការបាត់បង់ហិរញ្ញវត្ថុផ្ទាល់ខ្លួនរបស់អ្នកទេ។
Source: https://coingape.com/this-hedge-fund-loses-majority-of-funds-ftx-bankruptcy/