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by jonathan-adly 1434 days ago
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)

2 comments

Given a choice between life in jail or turning over the coins, I know what I would do.
> Crypto hedge-funds money is a cold-wallet

Is this the case here, specifically? (I assume so, just curious)