Ex-Alameda Co-Founder's Crypto Trading Firm Lantern Ventures Said to Be Winding Down
Lantern Ventures, founded by a former Alameda co-founder, is reportedly winding down its funds and returning capital to investors.Summary
Lantern Ventures, a London-based proprietary crypto trading firm established by former members of Sam Bankman-Fried’s Alameda Research, is in the process of winding down its operations after seven years. The firm, led by former Alameda co-founder Tara Mac Aulay, is returning capital to its external investors and closing its funds, which is expected to result in job losses for some staff. At its peak, Lantern managed over $600 million in assets. The firm, which was founded on philanthropic principles, had previously been noted as Celsius' largest single creditor in 2022. Alternatives being considered include relaunching under a family office structure or finding a potential buyer, though the current difficult institutional fundraising environment is noted as a factor.
(Source：CoinDesk)