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The crypto hedge fund Lantern Ventures has stopped accepting new investments and is returning funds to external investors.
Odaily Planet Daily reports that, according to informed sources, the cryptocurrency hedge fund Lantern Ventures is returning funds to external investors and has stopped accepting new investments. It is said that the company is looking for buyers or considering transforming back into a family office. At its peak, Lantern Ventures managed approximately $600 million in assets and was founded by some former members of Alameda Research, which was led by Sam Bankman-Fried. Currently, several employees of the hedge fund may face unemployment. (CoinDesk)