Billionaire Steve Cohen leaves crypto startup Radkl: Report

Billionaire Steve Cohen leaves crypto startup Radkl: Report

The billion-dollar hedge fund manager Steve Cohen no longer invests in the crypto startup Radkl. Bloomberg reports on Tuesday.

kohen Supposedly supported bike person, And the amount of its investment is not known.

The chairman and CEO of Point72 Asset Management planned to enter the cryptomarkt in 2021 at a time when top -class investors and institutions had warned for digital assets.

The hardly one year old proprietary crypto trade company founded by partners of the Wall Street marketmaker GTS is intended to use sophisticated, computer-aided high-speed trading models to invest in crypto systems.

The pronounced "radical" startup has already lost at least two managing directors this year, including jim greco and Beatrice O’Carroll , show your Linkedin-Profile. O’Carroll is still listed at Radkl’s website which, however, only lists four other members. Linkedin

Radkl told Bloomberg that it was "extremely well capitalized" with its current investors. However, Data on crunchbase shows that Cohen was the only investor.

The billionaire hedge fund had completed several crypto -related bets, including the crypto analysis company Messari, the infrastructure platform Zero Hash and the trading platform 24exchange around the clock.

He has decades of experience on Wall Street and founded two hedge funds. Sac Capital was instructed by these to close to participate in insider trade guilty. said Cohen Streureeflexions In an interview last year that "he was fully converted to crypto".

Blockworks learned last month that Point72 was looking for a few high-ranking experts with blockchain focus, including a head of crypto technology and a head of the digital asset operations.

The spokesman for Cohen and Radkl did not answer the Blockworks for comment until the editorial deadline.

. .

The contribution Billionaire Steve Cohen Ditches Crypto Startup Radkl: Report is not a financial advice.