TechFlow News According to The Block, in a letter sent to its LPs on Tuesday, Kyle Samani and Tushar Jain, managing partners at Multicoin Capital, said that about 10% of the fund's assets under management (AUM) are still waiting to be withdrawn from FTX. "Unfortunately, we are unable to withdraw all of the fund's assets from FTX, with holdings including BTC, ETH, and USD currently pending withdrawal." In addition, after Binance announced its acquisition of FTX, Multicoin immediately took action and sold its entire FTT position at an average price of $17.79. (Source)
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