Hedge Fund Galois Capital Ends Its Operations!

Kevin Zhou, the official of Hedge Fund Galois, stated that Galois, which was affected by the FTX scandal, will terminate its activities.

Kevin Zhou, co-founder of Galois, stated that Hedge Fund Galois, which was hit hard by the collapse of the FTX stock market, will terminate its operations. Galois, who decided to shut down, was one of the important victims of the FTX collapse. In addition, Galois announced that it is selling its shares at 16 cents. At the same time, Galois added that investors will be refunded their remaining money.

Kevin Zhou Made Statements About Galois Activities

In the light of documents shared by the Financial Times, Galois Capital, which managed approximately $200 million in funds last year, announced that it has terminated its working activities. In addition, the Financial Times added that half of Galois fund assets still remain on the FTX exchange.

Kevin Zhou, one of the founding partners of Galois, expressed his words as follows;

In his article on the decision to cease operations, Galois stated that investors will receive 90 percent of the fund values ​​not held in FTX. The remaining 10 percent will be temporarily held during negotiations and inspections by Galois’ officials.