CoinVoice has recently learned that, according to DL News, MNNC Group, which was renamed from the FTX-associated cryptocurrency hedge fund LedgerPrime in February, has raised over 100 million dollars.
According to documents submitted to the Securities and Exchange Commission on Thursday, this Cayman Islands-based company raised 53 million dollars through two funds. However, MNNC Group's Chief Operating Officer Ayesha Kiani stated, 'The amount is far more than that. This is just one of our onshore entities.'
Kiani stated on Friday that the assets managed by MNNC Group exceed 'nine figures', but was unwilling to elaborate further. This figure is an increase from the 'eight figures' that the fund disclosed to Bloomberg in February. Kiani noted that after the collapse of the cryptocurrency exchange FTX in November 2022, LedgerPrime was liquidated and renamed MNNC Group, which currently has about 10 investors, but declined to reveal their names. [Original link]