Travis Kling, who is the founder of the cryptocurrency investment company Ikigai, said that the fund lost a huge part of the investments that were invested in the FTX trading platform.

He reported that the vast majority of the hedge fund's assets were focused on FTX. On Monday morning, Ikigai attempted to withdraw its capital, but it was only able to withdraw a small portion of the digital assets. The main capital remained blocked on the stock exchange.

In the near future, everything will become clear and it will be clear whether Ikigai has the opportunity to continue its work or will have to leave the market. Travis noted that the fund will continue to draw on investors' capital, regardless of the firm's uncertain future. At this stage, Ikigai will have to make a decision on how to use the remaining assets that were not affected by the FTX default.

Travis said that he was disappointed by the situation, he has no idea how the crypto industry will recover from such a shock. The crypto industry needs to change the concept of trust completely. 

At the same time, the founder of Bitcoin Policy is confident that the situation around FTX will raise confidence in BTC.