Crypto asset management firm Ikigai Asset Management is among the companies to get caught up in the Колапс на FTX 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.
За жал, имам прилично лоши вести да споделам. Минатата недела Икигаи беше фатен во колапсот на FTX. Имавме големо мнозинство од вкупните средства на хеџ фондот на FTX. До моментот кога отидовме да се повлечеме во понеделникот, многу малку излеговме. Сега сме заглавени заедно со сите други.
- Тревис Клинг (@Travis_Kling) Ноември 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.
Тоа беше целосно моја вина, а не некој друг. Ги изгубив парите на моите инвеститори откако тие веруваа во мене да управувам со ризикот и навистина ми е жал за тоа. Јавно го поддржав FTX многу пати и навистина ми е жал за тоа. Не бев во право.
- Тревис Клинг (@Travis_Kling) Ноември 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.
Во текот на следните недели и месеци, временската рамка и потенцијалното закрепнување за клиентите на FTX ќе станат појасни. Во моментов, навистина е тешко да се каже. Во одреден момент, ќе можеме да направиме подобар повик за тоа дали Ikigai ќе продолжи да работи или само ќе се префрли во режим на преклопување.
- Тревис Клинг (@Travis_Kling) Ноември 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.
I’m at a loss for words at the depth & breadth of the pieces of shit that permeate crypto. So many fucking sociopaths were granted the opportunity to do so much damage. It’s hard for me to imagine the space bouncing back quickly from this ordeal. Too many got burned too hard.
- Тревис Клинг (@Travis_Kling) Ноември 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) Ноември 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 печатот 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/