Swiss Crypto

Swiss Crypto Hedge Fund Tyr Capital Faces Clash with Client over its ties to the bankrupt FTX exchange – FT

Swiss crypto hedge fund Tyr Capital is in a dispute with client TGT over its ties to the bankrupt FTX exchange. TGT accuses Tyr of “criminal” mismanagement, leading to a raid by a Swiss prosecutor. The disagreement centers on Tyr’s withdrawal of funds from FTX on the day of its bankruptcy, violating warnings and internal exposure limits. The conflict follows FTX’s 2022 collapse, impacting connected entities and setting the stage for a legal battle with potential consequences for Tyr Capital and the crypto investment landscape.