- Crypto investors told DL News they can’t access their money.
- About $8 million is estimated to be trapped in the fund.
- Founder Nathan Gauvin blamed ‘bad actors’ and ‘conspiracy theories’ for tense situation at $47 million fund.
Crypto investors are raising the alarm after a fund they invested in is refusing to return their deposits.
Gray Digital said it has received more than $42 million from about 1,000 depositors since it launched in June 2022.
The fund, which is run by Nathan Gauvin, the 25-year-old CEO of a New York hedge fund called Blackridge, dazzled investors with records of almost 200% yearly returns on deposits.
Gray Digital said it earns returns by trading stocks, derivatives, debt, and crypto.
Now, six depositors have told DL News…
