Hedge funds left with billions stranded on FTX

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Published : November 28th, 2022
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Financial Times/Laurence Fletcher and Joshua Oliver/11-22-2022

“Hedge funds have billions of dollars stuck on failed cryptocurrency exchange FTX and could face years of waiting to recover anything at all from a marketplace they once believed to be one of the industry’s most reliable bets.”

USAGOLD note: This wholesale stranding of capital could come back to haunt financial markets in unforeseen ways in the week and months ahead. FT resurrects Lehman Brothers in 2008 when billions in hedge fund money was locked up at the Wall Street investment bank for years – the ghost of black swans past.

Read the rest of the article at USA Gold
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