Sino Global Capital initiates a $67.3 million claim against FTX Trading Ltd., related to their joint Liquid Value fund.
The intricate relationship between these entities introduced layers of complexity to the unfolding situation.
Remarkably, this marked a pivotal juncture for Sino Global, signifying its foray into attracting external capital. Collaborating with FTX further enhanced the project’s uniqueness and potential.The fund’s marketing campaigns portrayed FTX as a “co-GP and anchor LP,” with the explicit goal of delivering “significant strategic value” through exposure to SBF’s range of tokens. This innovative concept intrigued potential investors, who found it captivating.
Sino Global’s unique investment emphasis on infrastructure and gaming introduces a layer of complexity to its position. Following the collapse of FTX, Sino Global openly voiced regret for having placed trust in an entity that seemed devoted to advancing the industry.
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