As the FTX contagion spreads, Travis Kling, founder of Ikigai Fund, announced on Twitter that the majority of the fund’s assets are trapped in the bankrupt Bahamas-based exchange. Kling tweeted, “We had a large majority of the hedge fund’s total assets on FTX.” “We had very little left by the time we went to withdraw on Monday [morning]. We’re now trapped with everyone else.” According to Kling, Ikigai intends to continue trading the assets it has left outside of FTX while deciding what to do with its venture fund.
