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Between 25% and 40% of cryptocurrency-focused hedge funds had some level of direct exposure to FTX or FTT. The losses may be over $1 billion and possibly as much as $5 billion. Crypto Fund Research told Blockworks.

Between 25% and 40% of cryptocurrency-focused hedge funds had some level of direct exposure to FTX or FTT. The losses may be over $1 billion and possibly as much as $5 billion. Crypto Fund Research told Blockworks.

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Between 25% and 40% of cryptocurrency-focused hedge funds had some level of direct exposure to FTX or FTT. The losses may be over $1 billion and possibly as much as $5 billion. Crypto Fund Research told Blockworks.

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