TechFlow news, according to The Block citing sources, Singapore-based crypto fund QCP Capital has exposure to FTX of at least $97 million. To recover some cash, QCP is attempting to sell its claims to distressed asset buyers.
Last month, QCP said it held exposure to FTX but did not disclose the size. A company spokesperson said at the time that it had sufficient capital to absorb the position's write-down, which would not affect clients or counterparties; withdrawals remained open, trading continued as usual, and the firm's operations remained profitable.
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