The Ikigai fund was recorded by the FTX attachment

The Ikigai fund was recorded by the FTX attachment

Travis Kling, the founder and Chief Investment Officer from Ikigai, announced that the cryptocurrency administration company was involved in the FTX collapse.

According to Kling, a large majority of the hedge funds were created on FTX. After the news of the collapse of the centralized stock exchanges, the company wanted to withdraw money just to determine that it could only get very little back.

"It was my fault alone and not that of someone else. I lost my investors' money after they trusted me to manage risks, and I'm really sorry. I have supported FTX publicly many times and I am really sorry. I was wrong," said Kling tweeted .

Kling said that Ikigai would continue to act assets that are not on FTX.

Ikigai had previously raised $ 30 million from existing investors to put on a risk fund that, according to Kling, was not affected by the collapse of FTX. She is currently in the process of deciding on the next steps for this fund.

The company does not know what the schedule and the possible recovery of the funds will look like. Ikigai is still in the process of deciding whether the company will continue and/or be started with the processing.

Kling expressed his disappointment with the industry and the scope of the events that took place on Twitter last week, and noticed that it was "difficult for me to imagine that the room is quickly recovering from this ordeal".

"I just don't have it in me at the moment. I am pretty disgusted with space as a whole and somehow from humanity in general," said Kling tweeted .

Kling believes that much more needs to be done to switch off bad actors and to redesign the concept of trust so that crypto can recover from the events that occurred.

"We make far too many sociopaths too powerful and then we all pay the price. If Ikigai continues, let's undertake to fight harder in this regard. It is a struggle that it is worth being fought," he said.

Many industry participants have shown their support for the Ikigai team, including co-founders and CEO of Chintainetwork David Packham Twitter that "their only real mistake was to trust a company that is supported and regulated in a region, not a fundamental, dishonest bad fraud."

ikigai refused to request blockworks after a comment.

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The contribution Ikigai Fund Caught Up in FTX Contagion is not a financial advice.