Crypto Hedge Fund BKCoin Fired Co-Founder Kang Over Misappropriated Investor Funds

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On Oct. 28, the firm’s core legal entity, BKCoin Management LLC, filed a complaint with the circuit court that alleged Kang had improperly diverted and/or commingled $12 million in cash and other assets out of the multi-strategy funds. BKCoin had terminated Kang’s employment on Oct. 14 but wasn’t sure if he still had access to the accounts.

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