Crypto Fund Sino Global Regrets Its 'Misplaced Trust' in FTX, Reports 'Mid-Seven' Figure Losses Tied to Exchange

Crypto Fund Sino Global Regrets Its ‘Misplaced Trust’ in FTX, Reports ‘Mid-Seven’ Figure Losses Tied to Exchange


“Our direct exposure to FTX exchange was confined to mid-seven figures held in custody. Our investment into the equity of FTX was made prior to the launch of our fund, and we did not invest any LP capital into FTX,” Sino Global said in a tweet on Tuesday .

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