TechFlow news — Sino Global Capital, on behalf of its Liquid Value fund, has filed a claim of $67.3 million against FTX. The fund was launched in 2021 in partnership with SBF, aiming to raise $200 million primarily from high-net-worth individuals.
In marketing materials promoting the fund, FTX was described as a "co-general partner and anchor limited partner," offering potential access to SBF's token ecosystem and unlocking "significant strategic value." By January 2022, the fund had raised $90 million, with FTX serving as the anchor investor.
Sino Global initially stated that its "direct exposure to the FTX exchange was limited to the low seven figures." In a 2022 filing with the U.S. SEC, SBF, Alameda Research, subsidiary Alameda Ventures, and Graham were listed as indirect investors in the fund.
