Crypto Investment Firm BlockTower Capital Suffers Losses in Hack

Crypto retail investors have often been the victims of hacks and scams within the industry. Now a major investment firm is on the receiving end.

BlockTower Capital’s main hedge fund has been compromised and partially drained by fraudsters, according to people familiar with the matter, who declined to be identified discussing sensitive information. The company has $1.7 billion in assets under management, according to data provider PitchBook.