[tanseydavid]

Not a hedge fund but MF Global/Jon Corzine was an interesting similar incident that was not crypto-related.

https://en.wikipedia.org/wiki/Jon_Corzine

> Corzine was subpoenaed to appear before a House committee on December 8, 2011, to answer questions regarding 1.2 billion dollars of missing money from MF Global client accounts. He testified before the committee, "I simply do not know where the money is, or why the accounts have not been reconciled to date," and that given the number of money transfers in the final days of trading at MF Global, he didn't know specifics of the movement of the funds. He also denied authorizing any misuse of customer funds.

> On the day of MF Global's bankruptcy, a Bloomberg reporter wrote "Jon Corzine's risk appetite helped destroy his firm. It also provided an object lesson for Paul Volcker's campaign against proprietary trading on Wall Street."

[nonameiguess]

And for anyone who wasn't familiar with this guy and doesn't click on the link, he was a US Senator and then NJ Governor who ran this fund immediately after leaving office. He's the guy Chris Christie replaced.