The amount of shitcoin projects that kept their treasuries with FTX is alarming as well
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An archive of the article is here. An archive has no paywall, no subscription requirement, and can be easier to read.
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Sad, I learned a few things from Travis
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exchanges have never advertised themselves as custodians. why would anyone do this
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Here's the Tweet by Ikigai's Travis Kling which kicked off the Twitter thread where he announced this development:
Unfortunately, I have some pretty bad news to share. Last week Ikigai was caught up in the FTX collapse. We had a large majority of the hedge fund’s total assets on FTX. By the time we went to withdraw Monday mrng, we got very little out. We’re now stuck alongside everyone else.
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