The New York Times: Modulo Capital founder is negotiating with FTX bankruptcy lawyers to recover $400 million in investments

2023-02-15 18:53:25

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ChainCatcher news reports that sources indicate the founder of Modulo Capital is under scrutiny by prosecutors investigating FTX and is negotiating with FTX bankruptcy lawyers to return Alameda Research's $400 million investment.

Sources also indicate that there is no evidence suggesting the Modulo founder has done anything wrong, and they hope to exchange the return of investment funds for FTX's exemption of certain legal liabilities for Modulo Capital. This portion of the funds is currently held in an interest-bearing account at JPMorgan.

According to previous reports by ChainCatcher, Alameda Research invested a total of $400 million in Modulo Capital in 2022. Modulo Capital was founded in March 2022 and has no public performance record, with co-founder Duncan Rheingans-Yoo graduating from Harvard University just two years prior. Additionally, sources revealed that another co-founder of Modulo Capital, Lily, had a romantic relationship with SBF. (Source link)

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Modulo Capital FTX incident

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