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
Chinese creditors push back against FTX's motion to forfeit payouts in restricted jurisdictions North Korean hackers use fake Zoom updates to deliver ‘NimDoor’ macOS malware targeting crypto firms 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
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