Sino Global Capital's Direct Exposure to FTX 'Confined to Mid-Seven Figures'

Sino Global Capital released a statement regarding its exposure to FTX, saying the direct exposure is "confined to mid-seven figures".

The statement reads, "our direct exposure to FTX exchange was confined to mid-seven figures held in custody. Our investment in the equity of FTX was made prior to the launch of our fund and we did not invest any LP capital into FTX."

Sino Global Capital also said that it's functioning as normal, and will continue to invest as a fund.