Sino Global, a blockchain and digital assets investment firm, today disclosed losses incurred as a result of its exposure to the defunct crypto exchange FTX, but insists that operations will continue “as usual.” “Our direct exposure to the FTX exchange was limited to holdings in the mid-seven figures,” Sino Global said in a statement shared on Twitter. Sino partnered with FTX in January 2022 to launch Liquid Value Fund I, a $200 million close-ended venture fund focused on DeFi, Web3, and “mass consumer protocols” on Solana and Ethereum.
