BlockTower Capital's main hedge fund has been hacked by fraudsters and some of its funds have been depleted, according to people familiar with the matter, who spoke on the condition of anonymity to discuss sensitive information. The company manages $1.70 billion in assets, according to data provider PitchBook.
The funds remain unaccounted for and the hackers have not been arrested, one of the people said, but the company has hired blockchain forensics analysts to determine how the funds were stolen and recently informed its limited partners about the theft. When contacted by Bloomberg, BlockTower declined to comment on the hack.
Crypto investment firm BlockTower Capital has been hacked
2024-05-15 03:17:59
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