As investigation continues into where the money went, it has been revealed that Sam Bankman-Fried gave out $400m to Modulo Capital
Modulo Capital is a multi-strategy hedge fund founded early this year by two former Jane Street traders and one developer.
In the spreadsheet containing venture investments by Sam Bankman-Fried published by the Financial Times
an investment to a Modulo Capital was cited.
However, more information has now revealed the identity of this of the recipient to be a hedge fund
This came as no surprise as both Sam Bankman-Fried and Caroline Ellison used to work at Jane Street Capital
It remains to be seen how this funds can be recovered so customers can have some of their money back
