Digital asset investment firm Multicoin Capital lost as much as 91.4% in 2022 as investors rushed for the exits following the catastrophic collapse of FTX.
According to a copy of the firm’s annual investor letter, the hedge fund was hit hardest after the collapse of FTX despite managing to weather the collapse of Terra’s algorithmic stablecoin and the failure of another crypto hedge fund Three Arrows Capital (3AC). The letter read:…
Read More: Investor Letter Shocker: Multicoin Capital’s Hedge Fund Reports 91.4% Loss in 2022 – Here’s What Happened