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Matthew Graham's Sino Global Capital has recently submitted a substantial claim of $67.3 million against FTX Trading Ltd. This claim represents the interests of Sino's Liquid Value fund, which was established in collaboration with Sam Bankman-Fried back in 2021.

Note: Maclaurin Investments was a company affiliated with Alameda Ventures

The fund's primary objective was to secure $200 million in funding, with a particular focus on attracting high net worth individuals. This represented a significant shift for Sino, as it was the firm's inaugural attempt to source external capital through an official fund mechanism.

In the marketing material promoting the fund, FTX was portrayed as a "co-General Partner (GP) and anchor Limited Partner (LP)," offering the opportunity to tap into the ""significant strategic value"" by gaining exposure to Bankman-Fried's diverse range of tokens. By January 2022, the fund had successfully raised $90 million, with FTX acting as a prominent anchor investor.

(Sino Global Capital)

In the beginning, Sino Global stated that its  “direct exposure to FTX exchange was confined to mid-seven figures held in custody.”

In 2022, SEC filings indicated Bankman-Fried's presence as an indirect investor in the fund, alongside Alameda Research, its subsidiary Alameda Ventures, and Graham.

(Securities and Exchange Commission)

As of 2023, the fund is no longer registered with the SEC; however, it continues to be active under the supervision of the Cayman Islands Monetary Authority.

A representative from Sino Global had previously conveyed to CoinCryptoUs that the fund has placed considerable emphasis on investments in infrastructure and the gaming industry.

Not long after the downfall of FTX, Sino issued a statement expressing their belief that FTX was a responsible entity dedicated to advancing the industry. They lamented, saying, “We deeply regret that misplaced trust.”