Crypto Hedge Fund Stored 100% of Client Assets on FTX – Total Loss

Wow, I interviewed with a few other hedge funds. Most at least bragged about their "internal custody infra" in interviews.

I cannot believe this guy "operated" a fund without any internal infra for custody??

EDIT - after digging through the thread it appears they "waited util monday" to attempt to withdraw? People in the know knew about this as early as the previous Friday. Moreover, how were they so poorly connected that they didn't even have a means to use Bahamian backdoors to pull out funds (IMO the only useful application of NFT's in recent memory ;) ).

This is kind of unbelievable - moreover the fact that Travis was openly shilling FTX a mere few months ago.

Stay frosty folks.

Large majority isn't 100%.