FTX affiliated fund MNNC Group has raised over $100 million since its rebranding

ChainCatcher news, according to DL News, reported that MNNC Group, which was renamed from the FTX-associated crypto hedge fund LedgerPrime in February this year, has raised over $100 million.

According to documents submitted to the Securities and Exchange Commission on Thursday, the Cayman Islands-based company raised $53 million through two funds. However, MNNC Group's Chief Operating Officer Ayesha Kiani stated, "The amount is far more than that. This is just one of our onshore entities."

Kiani mentioned on Friday that MNNC Group manages assets exceeding "nine figures," but she declined to provide further details. This figure represents an increase from the "eight figures" the fund disclosed to Bloomberg in February. Kiani noted that after the collapse of the crypto exchange FTX in November 2022, LedgerPrime was liquidated and renamed MNNC Group, which currently has about 10 investors, but she refused to disclose their names.