Odaily Planet Daily News MNNC Group, which was renamed from FTX-affiliated crypto hedge fund LedgerPrime in February this year, revealed that the company has raised more than $100 million. According to documents filed with the Securities and Exchange Commission on Thursday, the Cayman Islands-based company raised $53 million through two funds. But Ayesha Kiani, chief operating officer of MNNC Group, said: "The amount is much more than that. This is just one of our onshore entities." Kiani said on Friday that MNNC Group manages assets in excess of "nine figures," but declined to elaborate further. This figure is an increase from the "eight figures" revealed by the fund to Bloomberg in February. Kiani said that after the crypto exchange FTX collapsed in November 2022, LedgerPrime liquidated and changed its name to MNNC Group. The company currently has about 10 investors, but declined to disclose their names. (DL News)
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FTX-affiliated fund MNNC Group has raised over $100 million since its name change
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