====== Modulo Capital ====== **Modulo Capital Inc.** is a Bahamian hedge fund based in the [[Bahamas:nassau:Albany]], [[bahamas:Nassau]].((//Modulo Capital Inc.// (2022, May 12). OpenCorpData. https://web.archive.org/web/20230227232330/https://opencorpdata.com/lei/54930045ZHKHMNTL1U56)) ===== History ===== Modulo Capital was founded in March 2022 by [[Duncan Rheingans-Yoo]] and [[Xiaoyun Zhang]].((Yaffe-Bellany, D., Goldstein, M., & Jones, Jr., R. (2023, January 24). //The Unknown Hedge Fund That Got $400 Million From Sam Bankman-Fried.// The New York Times. https://web.archive.org/web/20230322180228/https://www.nytimes.com/2023/01/24/business/ftx-sbf-modulo-capital.html)) [[Alameda Research]] provided two grants totalling $400 million in the third and fourth quarters of 2022.((Syme, P. (2023, January 25). //Sam Bankman-Fried gave $400 million to an obscure crypto-trading firm cofounded by a Jane Street trader just 2 years out of college, report says.// Business Insider. https://web.archive.org/web/20230128191848/https://www.businessinsider.com/sam-bankman-fried-gave-400m-to-obscure-crypto-trading-firm-2023-1)) Rheingans-Yoo and Zhang both formerly worked at [[Jane Street Capital]].((Rennison, J., Yaffe-Bellany, D., & Goldstein, M. (2023, February 21). //“Effective Altruism” Led Bankman-Fried to a Little-Known Wall St. Firm.// The New York Times. http://archive.today/2023.02.22-010711/https://www.nytimes.com/2023/02/21/business/bankman-fried-altruism-jane-street.html)) Zhang was reportedly romantically involved with [[Sam Bankman-Fried]], who also worked at Jane Street. [[https://www.campfire.wiki/lib/exe/fetch.php?media=7a944146-8578-4a01-9d2f-f2c88d608f10.pdf|Court documents]] filed on March 22, 2023 revealed that Modulo and its directors agreed to return $404 million in cash and $56 million in assets held within [[FTX]]'s frozen funds, as part of the settlement proceedings after the [[cryptocurrency]] exchange's collapse in late 2022.((//Tiny Modulo Capital Returns Huge FTX Investment to Debtors.// (2023, March 23). PYMNTS. https://web.archive.org/web/20230324014332/https://www.pymnts.com/cryptocurrency/2023/tiny-modulo-capital-returns-huge-ftx-investment-to-debtors/))