How much of Galois capital's funds are stuck on FTX?

Crypto hedge fund Galois Capital told CoinDesk in a Telegram message on Saturday that around half of its funds are stuck on FTX, the beleaguered crypto exchange which filed for chapter 11 bankruptcy protection on Friday. The funds locked in FTX total around $40 million, Galois co-founder Kevin Zhou said.

What happened to FTX's cryptocurrency funds?

Hundreds of millions of dollars in cryptocurrency funds have apparently vanished from the bankrupt crypto exchange's accounts. Bankrupt crypto exchange FTX is investigating a possible hack involving hundreds of millions of dollars in cryptocurrency funds that seem to have gone missing from its accounts, various media outlets reported Saturday.

Did Galois have a'significant exposure' to Bankman-fried's FTX exchange?

Galois, a Texas-based crypto-focused quantitative fund with $200 million under management before the FTX collapse, said last November it had “significant exposure” to Bankman-Fried’s exchange, with the Financial Times reporting at the time the firm could have had around half of its funds trapped on the platform.

What happened to crypto-exposed equities after FTX filed for bankruptcy?

Cryptocurrency-exposed equities plunged early Friday, reversing Thursday's modest bounce after FTX filed for Chapter 11 bankruptcy protection in the U.S. Crypto exchange Coinbase (COIN) fell nearly 8%, while shares of MicroStrategy (MSTR) – which holds about 130,000 bitcoins – dropped 10%.