Summary:
Belgium-based trader Kasper Vandeloock has raised $450,000 for his new fund Musca Capital after losing the majority of his net worth on collapsed crypto exchange FTX. The Luxembourg-based fund is backed by the founder of NFT project Hashmask and two other individuals. Vandeloock plans to work on automated strategies, starting with trading liquid tokens on centralized exchanges. He found success in exploiting gaps in the market, such as profiting from sudden jumps in crypto prices on BitMEX and the large spread between swap contract prices and index prices during the 2019 March meltdown. Vandeloock plans to be more cautious with his funds and look for red flags on exchanges in the future.
Key Points:
– Kasper Vandeloock raised $450,000 for his fund Musca Capital after losing most of his net worth on FTX.
– The Luxembourg-based fund is backed by the founder of Hashmask and two other individuals.
– Vandeloock plans to develop automated strategies, starting with trading liquid tokens on centralized exchanges.
– He found success in exploiting gaps in the market, such as profiting from sudden jumps in crypto prices on BitMEX and the large spread between swap contract prices and index prices during the 2019 March meltdown.
– Vandeloock plans to be more cautious with his funds and look for red flags on exchanges in the future.
Hot Take:
Despite losing the majority of his net worth on FTX, Kasper Vandeloock has bounced back by raising $450,000 for his new fund. He plans to use his trading acumen to develop automated strategies, starting with trading liquid tokens on centralized exchanges. Vandeloock’s success in exploiting market gaps showcases his skill in navigating the crypto landscape. However, his experience with FTX has taught him to be more cautious and attentive to red flags on exchanges. This serves as a valuable lesson for all crypto traders, highlighting the importance of managing counterparty risks and storing funds securely.
Theon Barrett shines as a distinguished crypto analyst, accomplished researcher, and skilled editor, making significant strides in the field of cryptocurrency. With an astute analytical approach, Theon brings clarity to intricate crypto landscapes, offering insights that resonate with a broad audience. His research prowess goes hand in hand with his editorial finesse, allowing him to distill complex information into accessible formats.