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traditional hedgefund money is in a bank - a court can freeze their account, give it to their creditors, seize any new money that goes in it, etc. Crypto hedge

traditional hedgefund money is in a bank - a court can freeze their account, give it to their creditors, seize any new money that goes in it, etc. Crypto hedge-funds money is a cold-wallet protected by a 12 words phrase (some anyway - if they are smart). No one can really get to them. (yes - the founder can go to jail. But, funds could stay locked forever)

phabricator 4y ago
> Crypto hedge-funds money is a cold-wallet Is this the case here, specifically? (I assume so, just curious)
woofyman 4y ago
Given a choice between life in jail or turning over the coins, I know what I would do.