Other

"$135M offshore crypto fund group Invictus Capital suspends redemptions, attempts to re-organize"

2022-06-22 [vendor] Invictus Capital
Primary Source ↗

Incident Details

Invictus Capital, the group operating several cryptos in the Cayman Islands and the British Virgin Islands, announced to investors that it would be suspending redemptions. The company cited exposure to both Terra and the Celsius project, both of which have gone under in recent months. According to the announcement, the group is pursuing restructuring. The group claimed to have over $135 million under management.

Technical Details

Initial Attack Vector
Protocol collapse / insolvency
Vendor / Product
Invictus Capital

Timeline

  1. 2022-06-22 Breach occurred
  2. 2022-06-22 Publicly disclosed