Cryptocurrency hedge fund Tyr Capital raided by Swiss prosecutors over FTX bankruptcy dispute
Tyr Capital Partners, a well-known cryptocurrency hedge fund headquartered in Geneva, was recently searched by Swiss prosecutors due to disputes from investors over losses after the bankruptcy of FTX. Tyr Capital is accused by TGT of "criminal" mismanagement and ignoring internal risk limits and investor warnings about exposure to FTX. TGT is trying to end the investment portfolio and control remaining assets, including a $22 million claim against FTX. TGT is invested by a group of companies including the cryptocurrency wealth platform Yield App.
Since the bankruptcy of FTX, TGT has also filed a criminal complaint against Tyr in Switzerland, alleging "criminal management" by the fund and calling for a "dawn raid" on the fund manager's office. The case is still ongoing.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Beam Whale Set To Break New Ground As Join Gambling ICO Mpeppe Priced At $0.0021
Is It Too Late To Purchase Toncoin and AI Casino Coin Mpeppe
Beam and Mpeppe Two Cryptocurrencies That Have Provided Bullish Gains, Is Too Late To Purchase?