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Crypto Investment Firm BlockTower Capital Suffers Losses in Hack
Crypto retail investors have often been the victims of hacks and scams within the industry. Now a major investment firm is on the receiving end. BlockTower Capital’s main hedge fund has been compromised and partially drained by fraudsters, according to people familiar with the matter, who declined to be identified discussing sensitive information. The company has $1.7 billion in assets under management, according to data provider PitchBook. The funds are still missing and the hacker has not been apprehended, but the firm has employed blockchain forensics analysts to determine how the money was stolen and recently ... (full story)
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- Posted: May 14, 2024 11:47pm
- Submitted by:Category: Medium Impact Breaking NewsComments: 0 / Views: 305
