Lantern Ventures Faces Potential Closure Amidst Fund Returns

Cryptocurrency hedge fund Lantern Ventures is facing a potential shutdown after it began returning investor funds and suspended new investment flows. The company has halted accepting new capital and is exploring options such as selling itself or converting to a family office structure. At its peak, the fund managed approximately $600 million in assets. Founded by former Alameda Research employees, Lantern Ventures may lead to job losses for some of its staff.