CEO Jean-Marie Mognetti described the move as "a natural progression", given the "changing macro environment prominently marked by interest rates and inflation."
“Fir Tree is at its best when we identify opportunities that are mispriced, dislocated or complex. Rarely do we encounter situations that are all three, but that is precisely what we are seeing in digital assets right now,” Fir Tree said.
The abrupt collapse of the Silicon Valley Bank and Signature Bank prompted U S regulators to impose emergency measures to protect depositors This comes on the heels of crypto friendly Silvergate Bank’s shutdown in the same week Here’s a look at how SVB s closure is sending ripple effects across the crypto industry and what’s [...]
BKCoin co-founder Kevin Kang is accused of misappropriating client funds to bankroll vacations, purchase tickets to sporting events and pay rent on his New York City apartment.