Multicoin Capital: Direct investment in FTX, exposure includes assets held on FTX and FTT holdings, etc

ChainCatcher news, Three Arrows Capital creditor Soldman Gachs shared a letter from Multicoin Capital to LPs on Twitter, which not only explains the cause and process of the FTX incident but also states, "For the sake of transparency and communication, we want to provide an update. Unlike the situation with LUNA/UST, this fund directly invested in FTX. The fund has exposure to assets and entities directly and indirectly affected by this situation: direct investments include assets held on FTX and FTT holdings, while indirect investments include SOL holdings and SRM holdings."

ChainCatcher previously reported that after Binance announced the acquisition of FTX, Multicoin immediately took action and sold all FTT positions at an average price of $17.79. (Source link)