According to ChainCatcher, Bloomberg cited people familiar with the matter as saying that BlockTower Capital's main hedge fund has been hacked and some funds have been drained.

One of the people familiar with the matter said that the funds are still missing and the hackers have not been arrested, but BlockTower Capital has hired blockchain forensic analysts to determine why the funds were stolen and recently informed its limited partners of the theft.

According to data provider PitchBook, the company manages $1.7 billion in assets.