Crypto hedge fund Galois capital has told its investors that almost half of its funds are stuck on the failed crypto exchange FTX, according to a report in the Financial Times.

Kevin Zhou, co-founder of Galois, wrote to investors in recent days, saying that it had been able to pull some money from the exchange, but that about half of the funds were still stuck, the FT report said.

Galois, one of the biggest crypto quant hedge funds, had tweeted last night that "significant funds" were stuck on the exchange and it had not used "any Bahamian method to move funds out."（By Lucy Harley-McKeown）