⚠️ The SEC has accused Galois Capital Management of improperly storing client assets, including funds on the bankrupt exchange FTX.

- Galois lost half of its assets due to the collapse of FTX in November 2022.

- The SEC alleges that Galois violated asset custody rules, exposing investors to risks.

- Galois agreed to pay a fine of $225,000 to compensate affected investors.

Be careful when choosing crypto custodians!