Crypto hedge fund Adaptive Capital announces its closure

Following last week’s sharp market correction, crypto hedge fund Adaptive Capital announces its closure and will return the rest of its capital over to investors, the company has told its Limited Partners.

The company said in a letter to investors that the firm “took a big hit” following a drop in bitcoin’s price on March 13, blaming poor exchange infrastructure (BitMEX reported a 45-minute outage during the trading session on March 13).

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