SEC CHARGES CRYPTO-FOCUSED ADVISORY FIRM GALOIS CAPITAL FOR CUSTODY FAILURES

Summary from the TLDR Crypto newsletter

Galois Capital, a prominent advisory firm and Crypto Twitter presence, was fined $225,000 by the SEC for failing to comply with requirements related to the safeguarding of client assets. Certain assets were not held with a qualified custodian. Over half of the fund's assets were lost in the FTX collapse in 2022.