Investment asset management firm Mechanism Capital has taken legal action to recover its assets following the FTX collapse.
With the collapse of cryptocurrency exchange FTX, companies’ attempts to recover and protect their assets continue. After the crashing events, corporate companies are trying to save their investments. Investment asset management companies are trying to move away from their investments in FTX. Earlier in the day, rumors circulated that SoftBank had lost millions of dollars. Finally, Mechanism Capital started a legal battle to save its assets.
Mechanism Capital Starts Legal Process
Powerful company with hundreds of millions of dollars in assets, Mechanism Capital, started the legal process after the FTX events.
The company, which also invests in strong projects such as Nansen, 1inch, Arbitrum, is trying to save its assets on the FTX side. The company did not disclose how much of its presence on the collapsing cryptocurrency exchange. However, the founder of the investment company made striking statements.
Mechanism Capital co-founder Andrew Kang stated that the amount of assets is insignificant and the company has started legal processes. In addition, Kang stated that they took a hit like the rest of the market and despite this, they continued their trade.
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