BlockTower Capital Fell Victim To Crypto Hacking Incident
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
- BlockTower Capital Hacking Incident: The main hedge fund of BlockTower Capital was hacked, with funds stolen by fraudsters.
- Investigation and Recovery Efforts: BlockTower Capital is collaborating with blockchain experts to determine how the hacking occurred, but the stolen assets have not been retrieved yet.
- Company Background: Founded in 2017 by Ari Paul and Matthew Goetz, BlockTower Capital acquired Gamma Point Capital in 2021 but closed its market-neutral fund due to limited investment opportunities.
- Recent Ventures: BlockTower Capital launched a $150 million venture capital fund in October 2022.
- Industry Impact: Cryptocurrency hacks are a significant issue, with $4 billion stolen in 2022 and notable victims including Mixin Network, Euler Finance, and Poloniex.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
