Jul 15, 05:53 PM

Galaxy Digital Reports Former Partner Richard Kim for Misappropriating $3.67M in Crypto Casino Funds

Crypto venture capital firm Galaxy Digital has reported Richard Kim, the founder of the crypto casino Zero Edge and a former Galaxy partner, to the authorities. Weeks later, Kim is accused of misappropriating at least $3.67 million of company funds through a series of bad crypto bets fueled by a gambling addiction. Kim, who raised $7 million for the Zero Edge project, has admitted to the losses and stepped down from his position. The allegations have led to significant financial losses for Galaxy and other investors involved in the project. Galaxy is led by Mike Novogratz.

#Galaxy Digital #Richard Kim #Zero Edge #Galaxy #Kim #Mike Novogratz

Written with ChatGPT (GPT-4o).

Sources

The Deep Dive@TheDeepDive_ca
2 years ago
Former Galaxy Digital Partner Apologizes for Gambling Away Investor Funds: "I Really F*cked Up" $GLXY #crypto #gambling https://t.co/etWssAWvh3 via @TheDeepDive_ca
Crypto Town Hall@Crypto_TownHall
2 years ago
GALAXY'S ZERO EDGE FOUNDER ADMITS $3.67M LOSS Richard Kim, founder of Zero Edge and ex-Galaxy partner, lost $3.67M in company funds due to bad crypto trades fueled by a gambling addiction. Kim, who raised $7M for the crypto casino project, stepped down after admitting the… https://t.co/uLgwQJQ2W0
Mario Nawfal’s Roundtable@RoundtableSpace
2 years ago
ZERO EDGE FOUNDER ADMITS $3.67M LOSS IN CRYPTO TRADES Richard Kim, founder of Zero Edge and ex-Galaxy partner, admits to losing $3.67M of company funds due to a gambling struggle. Kim, who raised $7M for Zero Edge, resigned after revealing the losses. Galaxy, led by Mike… https://t.co/YDSIrzMNFF

Additional media

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