Modulo capital


Finance

FTX Bankruptcy Estate to Claw Back $460M From Modulo Capital

Alameda Research seeded little-known Bahamas-based hedge fund Modulo Capital with $475 million in 2022. The recovery includes $404 million in cash.

John J. Ray III, CEO of FTX Group, has spent huge sums taking the failed exchange through bankruptcy. Is FTX simply that much more complex than Ray's last big unwind - Enron? (Photo by Nathan Howard/Getty Images)

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FTX Creditor Meeting; SBF Gave Ex-Jane Street Traders Who Formed Modulo Capital $400M

FTX's new management told a procedural hearing it had over $1 billion in assets identified. Alameda Research invested $400 million into Modulo Capital, a multi-strategy hedge fund founded early this year by two former Jane Street traders and one developer. Bankrupt crypto lender BlockFi has asked a U.S. court to greenlight customer withdrawals that are locked up in the platform, court filings show.

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