Andrew Kang, co-founder and partner at the crypto venture capital firm Mechanism, said Mechanism Capital has money tied up in FTX and the sum is “non-trivial”. The company is exploring legal options.
Mechanism Capital is known to have invested in companies or projects such as Nansen, 1inch, and Arbitrum.
FTX
Security Incidents
Bybit hackers move over half the stolen ETH onto Bitcoin, largely using ThorChain Stablecoin neobank Infini exploited for $49 million: security analysts NoOnes CEO Ray Youssef discloses $8 million exploit weeks after the fact, confirming crypto sleuth ZachXBT's investigation Backpack acquires FTX EU, Bitcoin and Ethereum ETFs clock over $1 billion worth of inflows and more Lending Protocol Sonne Finance Exploited for $20M
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