Crypto asset management firm Ikigai Asset Management is among the companies to get caught up in the ФТКС колапс as it had a large portion of its assets on the collapsed exchange, according to the firm’s founder and chief investment officer, Travis Kling.
Нажалост, морам да поделим неке прилично лоше вести. Прошле недеље Икигаи је био затечен у ФТКС колапсу. Имали смо велику већину укупне имовине хеџ фонда на ФТКС-у. Док смо отишли да се повучемо у понедељак мрнг, извукли смо врло мало. Сада смо заглављени уз све остале.
- Травис Клинг (@Травис_Клинг) Новембар 14, 2022
Kling, however, asserted that he had been constantly in contact with the firm’s investors since Monday, and he accepted full responsibility for any loss of funds.
It was entirely my fault and not anyone else’s. I lost my investors’ money after they put faith in me to manage risk and I am truly sorry for that. I have publicly endorsed FTX many times and I am truly sorry for that. I was wrong.
- Травис Клинг (@Травис_Клинг) Новембар 14, 2022
While there is uncertainty about the “timeline and potential recovery for FTX customers,” Kling said the firm would continue to trade assets that are not trapped on FTX.
Током наредних недеља и месеци, временски оквир и потенцијални опоравак за ФТКС кориснике ће постати јаснији. Тренутно је заиста тешко рећи. У неком тренутку, моћи ћемо да се боље информишемо о томе да ли ће Икигаи наставити или ће само прећи у режим одмарања.
- Травис Клинг (@Травис_Клинг) Новембар 14, 2022
Additionally, the founder of Ikigai indicated that the firm is yet to decide what to do with its venture fund, which was not affected by FTX.
Call for a complete re-architecture
Travis Kling doesn’t expect a quick recovery from the current crisis.
Губим речи о дубини и ширини комада гована који прожимају крипто. Толико јебених социопата добило је прилику да направи толико штете. Тешко ми је да замислим да се простор брзо враћа од овог искушења. Превише се превише опекло.
- Травис Клинг (@Травис_Клинг) Новембар 14, 2022
For crypto to recover and continue on its “journey to make the world a better place,” Kling believes the entire concept of trust has to be completely rearchitected.
“Bitcoin is trustless. Then we built all these trusted things around it, and those things have failed catastrophically,” Kling said.
A Twitter user going by David Lin replied to Kling by claiming that CEXs circumvents Bitcoin’s solution, sharing the same sentiment with other users about centralized entities.
I guess everyone is going to point you out in the Bitcoin trust issue. Bitcoin was designed to address this exact problem. Just that CEX are exactly the way to circumvent the the solution Bitcoin provides.
— David Lin (@rayhan_inv) Новембар 14, 2022
Founded in 2018, Ikigai raised $30 million from its existing investors last May to start a new venture fund, the Ikigai Trust Revolution Opportunities Fund, to invest in early-stage Web3 initiatives.
A Саопштење describes the launch of the Ikigai Trust Revolution Opportunities Fund as a departure from Ikigai’s historical approach to investing, which over the last few years focused primarily on systematic, model-driven exposure to bitcoin.
Source: https://cryptoslate.com/crypto-asset-management-firm-ikigai-caught-up-in-the-ftx-collapse/