The crypto hedge fund Tyr Capital was searched by Swiss prosecutors due to the FTX bankruptcy dispute and is accused of "criminal" mismanagement

ChainCatcher news, according to the Financial Times of the UK, the well-known cryptocurrency hedge fund Tyr Capital Partners, based in Geneva, has recently been searched by Swiss prosecutors due to disputes raised by investors regarding losses after the bankruptcy of FTX. Tyr Capital is accused by TGT of "criminal" mismanagement and ignoring internal risk limits and warnings from investors about its exposure to FTX risks.

The TGT fund had previously invested with Tyr and is currently attempting to wind down its portfolio and control remaining assets, which include a $22 million claim against FTX. The funds invested by TGT come from multiple companies, including the cryptocurrency wealth platform Yield App. Since the bankruptcy of FTX, TGT has also filed a criminal complaint against Tyr in Switzerland, alleging "criminal mismanagement" and requesting a "dawn raid" on the fund manager's office. This case is still ongoing.