Galois also sold its claim on FTX to a distressed buyer for around $0.16 on the dollar.
Galois Capital shuts down after losing half their money in FTX
One of the largest crypto-focused algorithmic trading funds, Galois Capital, announced that they would be closing up shop in the wake of the FTX collapse. The fund had half its funds on FTX — around $40 million — and could not keep operating as a result.