Swiss prosecutors raided Tyr Capital Partners, a crypto hedge fund based in Geneva, following a criminal mismanagement complaint filed by investor TGT. TGT accused Tyr of ignoring internal risk limits and investor warnings over exposure to FTX, which ultimately collapsed. Tyr Capital Partners denies any wrongdoing and claims to have complied with regulatory and contractual obligations. TGT is currently working to wind up the portfolio and control remaining assets. The collapse of FTX caused many firms to suffer losses and has led to ongoing investigations and lawsuits.