Crypto asset management firm Ikigai Asset Management is among the companies to get caught up in the FTX кыйрашы as it had a large portion of its assets on the collapsed exchange, according to the firm’s founder and chief investment officer, Travis Kling.
Тилекке каршы, менде бөлүшө турган абдан жаман жаңылык бар. Өткөн жумада Ikigai FTX кыйроого учураган. Бизде хедж-фонддун жалпы активдеринин көпчүлүгү FTX боюнча болгон. Дүйшөмбү күнү кечиктирүүгө барганыбызда, биз абдан аз калдык. Биз азыр башкалар менен бирге тыгылып калдык.
- Travis Kling (@Travis_Kling) November 14, 2022
Kling, however, asserted that he had been constantly in contact with the firm’s investors since Monday, and he accepted full responsibility for any loss of funds.
Бул толугу менен мен күнөөлүү жана башка эч кимде эмес. Мен инвесторлордун акчасын алар тобокелдикти башкарууга ишенгенден кийин жоготуп алдым жана бул үчүн чындап өкүнөм. Мен FTXти көп жолу ачык колдодум жана бул үчүн чындап өкүнөм. Мен жаңылып калдым.
- Travis Kling (@Travis_Kling) November 14, 2022
While there is uncertainty about the “timeline and potential recovery for FTX customers,” Kling said the firm would continue to trade assets that are not trapped on FTX.
Over the coming weeks and months, the timeline and potential recovery for FTX customers will become clearer. Right now, it’s really hard to say. At some point, we’ll be able to make a better call on whether Ikigai is going to keep going or just move into winddown mode.
- Travis Kling (@Travis_Kling) November 14, 2022
Additionally, the founder of Ikigai indicated that the firm is yet to decide what to do with its venture fund, which was not affected by FTX.
Call for a complete re-architecture
Travis Kling doesn’t expect a quick recovery from the current crisis.
Мен криптографияга кирип кеткен бок бөлүктөрүнүн тереңдигинде жана кеңдигинде сөздөрдү таппай жатам. Ушунчалык көп социопаттарга ушунча зыян келтирүү мүмкүнчүлүгү берилди. Бул сыноодон кийин мейкиндиктин тез кайтып келерин элестетүү мен үчүн кыйын. Көптөр өтө катуу күйүп кетти.
- Travis Kling (@Travis_Kling) November 14, 2022
For crypto to recover and continue on its “journey to make the world a better place,” Kling believes the entire concept of trust has to be completely rearchitected.
“Bitcoin is trustless. Then we built all these trusted things around it, and those things have failed catastrophically,” Kling said.
A Twitter user going by David Lin replied to Kling by claiming that CEXs circumvents Bitcoin’s solution, sharing the same sentiment with other users about centralized entities.
I guess everyone is going to point you out in the Bitcoin trust issue. Bitcoin was designed to address this exact problem. Just that CEX are exactly the way to circumvent the the solution Bitcoin provides.
— David Lin (@rayhan_inv) November 14, 2022
Founded in 2018, Ikigai raised $30 million from its existing investors last May to start a new venture fund, the Ikigai Trust Revolution Opportunities Fund, to invest in early-stage Web3 initiatives.
A пресс-релиз describes the launch of the Ikigai Trust Revolution Opportunities Fund as a departure from Ikigai’s historical approach to investing, which over the last few years focused primarily on systematic, model-driven exposure to bitcoin.
Source: https://cryptoslate.com/crypto-asset-management-firm-ikigai-caught-up-in-the-ftx-collapse/