Other
"Hedge fund Galois closes after half of assets trapped on crypto exchange FTX"
Primary Source ↗Incident Details
One of the largest crypto-focused algorithmic trading funds, Galois Capital, announced that they would be closing up shop in the wake of the FTX collapse. The fund had half its funds on FTX — around $40 million — and could not keep operating as a result.Galois also sold its claim on FTX to a distressed buyer for around $0.16 on the dollar.
Technical Details
- Initial Attack Vector
- Protocol collapse / insolvency
- Vendor / Product
- Galois Capital
Timeline
- 2023-02-20 Breach occurred
- 2023-02-20 Publicly disclosed