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Ikigai Asset Management Suffers Heavy Loss By FTX

Ikigai Asset Management was unable to Ikigai a significant portion of the vast majority of its assets that were stored on FTX. Given that FTX just sought Chapter 11 bankruptcy protection, this is a significant loss for Ikigai.

Chief Investment Officer Travis Kling shared the state of the company on Twitter:

According to Kling, the company will keep trading its remaining assets and decide what to do with its venture fund, which was unaffected by the FTX demise.

Finally, the CIO apologized for siding with FTX in the past.

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Harold

CoinCu News

Harold

With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.