Galois Capital Closing Down

Kevin Zhou is closing the Crypto focused fund

Galois Capital is the latest to have succumbed to the losses brought on by the high profile collapse of Sam Bankman Fried’s exchange FTX. The fund was founded by Kevin Zhou in 2017, focused on ‘algorithmic market making and OTC trading’ while managing $200m assets.

“Given the severity of the FTX situation, we do not think it is tenable to continue operating the fund both financially and culturally” writes Zhou.

In a respectful public hymn to his investors, he claims even though over half the funds’ assets were lost in the FTX debacle, he is still net- positive on assets.

An incredible feat for most after last years market unwind, the humble decision to return money and not attempt to resurrect lost value was I’m sure not an easy one. As someone who’s personally followed Zhou and the intellect he brings to the table on twitter, I hope it’s not the last we see of him. His ideas, and criticisms, were at times blunt but helped push better and more progressive ideas to the front of the line- especially in crypto.