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Multicoin Capital’s Hedge Fund Lost 91.4% Last Year, Investor Letter Reveals

The fund’s performance was severely impacted by direct exposure to now-bankrupt crypto exchange FTX and holdings in FTT and Solana-based tokens.

Updated Oct 17, 2023, 3:10 p.m. Published Mar 4, 2023, 9:32 p.m.
Multicoin's Kyle Samani (Danny Nelson/CoinDesk)
Multicoin's Kyle Samani (Danny Nelson/CoinDesk)