PANews reported on December 20 that according to DL News, MNNC Group, which was renamed from FTX-related crypto hedge fund LedgerPrime in February this year, revealed that the company has raised more than $100 million. According to documents filed with the Securities and Exchange Commission on Thursday, the Cayman Islands-based company raised $53 million through two funds. But Ayesha Kiani, chief operating officer of MNNC Group, said: "The amount is far more than that. This is just one of our onshore entities." Kiani said on Friday that MNNC Group manages more than "nine figures" in assets, but declined to elaborate further. This figure has increased from the "eight figures" disclosed by the fund to Bloomberg in February.
Kiani said LedgerPrime, which was liquidated and renamed MNNC Group after crypto exchange FTX collapsed in November 2022, currently has about 10 investors, but declined to disclose their names.
