{"id":3251,"date":"2024-03-01T04:25:59","date_gmt":"2024-03-01T04:25:59","guid":{"rendered":"https:\/\/www.cryptometer.io\/news\/?p=3251"},"modified":"2024-03-01T04:17:09","modified_gmt":"2024-03-01T04:17:09","slug":"ledgerprime-transforms-into-mnnc-group-after-ftx-turmoil","status":"publish","type":"post","link":"https:\/\/www.cryptometer.io\/news\/ledgerprime-transforms-into-mnnc-group-after-ftx-turmoil\/","title":{"rendered":"LedgerPrime Transforms into MNNC Group After FTX Turmoil"},"content":{"rendered":"\n<p>In the ever-changing world of cryptocurrency, LedgerPrime has made a significant transition, rebranding itself as MNNC Group following its association with the <a href=\"https:\/\/www.cryptometer.io\/news\/ftx-collapse-is-a-scam-according-to-jordan-belfort\/\">now-bankrupt FTX<\/a>. This move symbolizes a new chapter for the crypto hedge fund, aiming to distance itself from the setbacks linked to FTX&#8217;s downfall.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-a-fresh-start-with-mnnc-group\">A Fresh Start with MNNC Group<\/h2>\n\n\n\n<p>The rebranding to MNNC Group is a strategic decision, driven by the desire for a clean slate and the ambition to rebuild trust within the crypto community. This initiative is spearheaded by several former LedgerPrime employees who are committed to reviving the fund&#8217;s operations with a new focus and identity. The MNNC Group emerges at a crucial time when the crypto hedge fund sector is witnessing increased interest from institutional investors and adapting to the changing regulatory environment.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-fundraising-success-and-future-prospects\">Fundraising Success and Future Prospects<\/h2>\n\n\n\n<p>Despite previous challenges, MNNC Group has successfully secured funding from previous backers of LedgerPrime, showcasing confidence in the team&#8217;s ability to navigate the complex crypto market. Currently, the group boasts a team of 11 staffers and manages assets nearing $400 million, achieving an impressive annualized return average of about 40%. This success positions MNNC Group to cater to the growing demand for sophisticated investment strategies and risk management solutions in the intersection of traditional finance and digital assets.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-ftx-s-ongoing-efforts-to-settle-debts\">FTX&#8217;s Ongoing Efforts to Settle Debts<\/h2>\n\n\n\n<p>Meanwhile, FTX is navigating its bankruptcy, undertaking various strategic measures to liquidate assets and raise funds to settle with creditors. Among these efforts is the sale of Bahamas-based properties and digital assets, which recently generated $1.8 billion in revenue. These funds are designated to compensate customers affected by FTX&#8217;s collapse, as detailed in a document filed in Delaware bankruptcy court.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In the ever-changing world of cryptocurrency, LedgerPrime has made a significant transition, rebranding itself as MNNC Group following its association with the now-bankrupt FTX. This move symbolizes a new chapter for the crypto hedge fund, aiming to distance itself from the setbacks linked to FTX&#8217;s downfall. A Fresh Start with MNNC Group The rebranding to [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":400,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[30,18],"tags":[],"class_list":{"0":"post-3251","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-exchange","8":"category-market-updates"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.2 (Yoast SEO v27.2) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>LedgerPrime Transforms into MNNC Group After FTX Turmoil<\/title>\n<meta name=\"description\" content=\"In the ever-changing world of cryptocurrency, LedgerPrime has made a significant transition, rebranding itself as MNNC Group following its association\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.cryptometer.io\/news\/ledgerprime-transforms-into-mnnc-group-after-ftx-turmoil\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"LedgerPrime Transforms into MNNC Group After FTX Turmoil\" \/>\n<meta property=\"og:description\" content=\"In the ever-changing world of cryptocurrency, LedgerPrime has made a significant transition, rebranding itself as MNNC Group following its association\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.cryptometer.io\/news\/ledgerprime-transforms-into-mnnc-group-after-ftx-turmoil\/\" \/>\n<meta property=\"og:site_name\" content=\"CryptoMeter.io\" \/>\n<meta property=\"article:published_time\" content=\"2024-03-01T04:25:59+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.cryptometer.io\/news\/wp-content\/uploads\/2022\/12\/ftx-collaps.webp\" \/>\n\t<meta property=\"og:image:width\" content=\"862\" \/>\n\t<meta property=\"og:image:height\" content=\"485\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/webp\" \/>\n<meta name=\"author\" content=\"Anish Khalifa\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@CryptoMeterIO\" \/>\n<meta name=\"twitter:site\" content=\"@CryptoMeterIO\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Anish Khalifa\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/www.cryptometer.io\/news\/ledgerprime-transforms-into-mnnc-group-after-ftx-turmoil\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.cryptometer.io\/news\/ledgerprime-transforms-into-mnnc-group-after-ftx-turmoil\/\"},\"author\":{\"name\":\"Anish Khalifa\",\"@id\":\"https:\/\/www.cryptometer.io\/news\/#\/schema\/person\/79113eacd105c71e5fa6019d028ca61e\"},\"headline\":\"LedgerPrime Transforms into MNNC Group After FTX Turmoil\",\"datePublished\":\"2024-03-01T04:25:59+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.cryptometer.io\/news\/ledgerprime-transforms-into-mnnc-group-after-ftx-turmoil\/\"},\"wordCount\":288,\"publisher\":{\"@id\":\"https:\/\/www.cryptometer.io\/news\/#organization\"},\"image\":{\"@id\":\"https:\/\/www.cryptometer.io\/news\/ledgerprime-transforms-into-mnnc-group-after-ftx-turmoil\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.cryptometer.io\/news\/wp-content\/uploads\/2022\/12\/ftx-collaps.webp\",\"articleSection\":[\"Exchange\",\"Market Updates\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2024\",\"copyrightHolder\":{\"@id\":\"https:\/\/www.cryptometer.io\/news\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.cryptometer.io\/news\/ledgerprime-transforms-into-mnnc-group-after-ftx-turmoil\/\",\"url\":\"https:\/\/www.cryptometer.io\/news\/ledgerprime-transforms-into-mnnc-group-after-ftx-turmoil\/\",\"name\":\"LedgerPrime Transforms into MNNC Group After FTX Turmoil\",\"isPartOf\":{\"@id\":\"https:\/\/www.cryptometer.io\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.cryptometer.io\/news\/ledgerprime-transforms-into-mnnc-group-after-ftx-turmoil\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.cryptometer.io\/news\/ledgerprime-transforms-into-mnnc-group-after-ftx-turmoil\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.cryptometer.io\/news\/wp-content\/uploads\/2022\/12\/ftx-collaps.webp\",\"datePublished\":\"2024-03-01T04:25:59+00:00\",\"description\":\"In the ever-changing world of cryptocurrency, LedgerPrime has made a significant transition, rebranding itself as MNNC Group following its association\",\"breadcrumb\":{\"@id\":\"https:\/\/www.cryptometer.io\/news\/ledgerprime-transforms-into-mnnc-group-after-ftx-turmoil\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.cryptometer.io\/news\/ledgerprime-transforms-into-mnnc-group-after-ftx-turmoil\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.cryptometer.io\/news\/ledgerprime-transforms-into-mnnc-group-after-ftx-turmoil\/#primaryimage\",\"url\":\"https:\/\/www.cryptometer.io\/news\/wp-content\/uploads\/2022\/12\/ftx-collaps.webp\",\"contentUrl\":\"https:\/\/www.cryptometer.io\/news\/wp-content\/uploads\/2022\/12\/ftx-collaps.webp\",\"width\":862,\"height\":485,\"caption\":\"ftx collapsed\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.cryptometer.io\/news\/ledgerprime-transforms-into-mnnc-group-after-ftx-turmoil\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.cryptometer.io\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"LedgerPrime Transforms into MNNC Group After FTX Turmoil\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.cryptometer.io\/news\/#website\",\"url\":\"https:\/\/www.cryptometer.io\/news\/\",\"name\":\"CryptoMeter.io\",\"description\":\"\",\"publisher\":{\"@id\":\"https:\/\/www.cryptometer.io\/news\/#organization\"},\"alternateName\":\"CryptoMeter.io\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.cryptometer.io\/news\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/www.cryptometer.io\/news\/#organization\",\"name\":\"CryptoMeter.io\",\"url\":\"https:\/\/www.cryptometer.io\/news\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.cryptometer.io\/news\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/i0.wp.com\/www.cryptometer.io\/news\/wp-content\/uploads\/2023\/01\/cropped-favicon_large.png?fit=512%2C512&ssl=1\",\"contentUrl\":\"https:\/\/i0.wp.com\/www.cryptometer.io\/news\/wp-content\/uploads\/2023\/01\/cropped-favicon_large.png?fit=512%2C512&ssl=1\",\"width\":512,\"height\":512,\"caption\":\"CryptoMeter.io\"},\"image\":{\"@id\":\"https:\/\/www.cryptometer.io\/news\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/x.com\/CryptoMeterIO\"],\"publishingPrinciples\":\"https:\/\/www.cryptometer.io\/news\/about-us\/\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.cryptometer.io\/news\/#\/schema\/person\/79113eacd105c71e5fa6019d028ca61e\",\"name\":\"Anish Khalifa\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.cryptometer.io\/news\/wp-content\/uploads\/2024\/04\/cropped-1-96x96.png\",\"url\":\"https:\/\/www.cryptometer.io\/news\/wp-content\/uploads\/2024\/04\/cropped-1-96x96.png\",\"contentUrl\":\"https:\/\/www.cryptometer.io\/news\/wp-content\/uploads\/2024\/04\/cropped-1-96x96.png\",\"caption\":\"Anish Khalifa\"},\"description\":\"Hi there! I'm Anish Khalifa, a passionate cryptocurrency content writer with a deep love for this ever-evolving industry. I've been writing about crypto for over 3 years now and I've been captivated by its potential to revolutionize the financial world.\",\"url\":\"https:\/\/www.cryptometer.io\/news\/author\/anishkhalifa\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"LedgerPrime Transforms into MNNC Group After FTX Turmoil","description":"In the ever-changing world of cryptocurrency, LedgerPrime has made a significant transition, rebranding itself as MNNC Group following its association","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.cryptometer.io\/news\/ledgerprime-transforms-into-mnnc-group-after-ftx-turmoil\/","og_locale":"en_US","og_type":"article","og_title":"LedgerPrime Transforms into MNNC Group After FTX Turmoil","og_description":"In the ever-changing world of cryptocurrency, LedgerPrime has made a significant transition, rebranding itself as MNNC Group following its association","og_url":"https:\/\/www.cryptometer.io\/news\/ledgerprime-transforms-into-mnnc-group-after-ftx-turmoil\/","og_site_name":"CryptoMeter.io","article_published_time":"2024-03-01T04:25:59+00:00","og_image":[{"width":862,"height":485,"url":"https:\/\/www.cryptometer.io\/news\/wp-content\/uploads\/2022\/12\/ftx-collaps.webp","type":"image\/webp"}],"author":"Anish Khalifa","twitter_card":"summary_large_image","twitter_creator":"@CryptoMeterIO","twitter_site":"@CryptoMeterIO","twitter_misc":{"Written by":"Anish Khalifa","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/www.cryptometer.io\/news\/ledgerprime-transforms-into-mnnc-group-after-ftx-turmoil\/#article","isPartOf":{"@id":"https:\/\/www.cryptometer.io\/news\/ledgerprime-transforms-into-mnnc-group-after-ftx-turmoil\/"},"author":{"name":"Anish Khalifa","@id":"https:\/\/www.cryptometer.io\/news\/#\/schema\/person\/79113eacd105c71e5fa6019d028ca61e"},"headline":"LedgerPrime Transforms into MNNC Group After FTX Turmoil","datePublished":"2024-03-01T04:25:59+00:00","mainEntityOfPage":{"@id":"https:\/\/www.cryptometer.io\/news\/ledgerprime-transforms-into-mnnc-group-after-ftx-turmoil\/"},"wordCount":288,"publisher":{"@id":"https:\/\/www.cryptometer.io\/news\/#organization"},"image":{"@id":"https:\/\/www.cryptometer.io\/news\/ledgerprime-transforms-into-mnnc-group-after-ftx-turmoil\/#primaryimage"},"thumbnailUrl":"https:\/\/www.cryptometer.io\/news\/wp-content\/uploads\/2022\/12\/ftx-collaps.webp","articleSection":["Exchange","Market Updates"],"inLanguage":"en-US","copyrightYear":"2024","copyrightHolder":{"@id":"https:\/\/www.cryptometer.io\/news\/#organization"}},{"@type":"WebPage","@id":"https:\/\/www.cryptometer.io\/news\/ledgerprime-transforms-into-mnnc-group-after-ftx-turmoil\/","url":"https:\/\/www.cryptometer.io\/news\/ledgerprime-transforms-into-mnnc-group-after-ftx-turmoil\/","name":"LedgerPrime Transforms into MNNC Group After FTX Turmoil","isPartOf":{"@id":"https:\/\/www.cryptometer.io\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.cryptometer.io\/news\/ledgerprime-transforms-into-mnnc-group-after-ftx-turmoil\/#primaryimage"},"image":{"@id":"https:\/\/www.cryptometer.io\/news\/ledgerprime-transforms-into-mnnc-group-after-ftx-turmoil\/#primaryimage"},"thumbnailUrl":"https:\/\/www.cryptometer.io\/news\/wp-content\/uploads\/2022\/12\/ftx-collaps.webp","datePublished":"2024-03-01T04:25:59+00:00","description":"In the ever-changing world of cryptocurrency, LedgerPrime has made a significant transition, rebranding itself as MNNC Group following its association","breadcrumb":{"@id":"https:\/\/www.cryptometer.io\/news\/ledgerprime-transforms-into-mnnc-group-after-ftx-turmoil\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.cryptometer.io\/news\/ledgerprime-transforms-into-mnnc-group-after-ftx-turmoil\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.cryptometer.io\/news\/ledgerprime-transforms-into-mnnc-group-after-ftx-turmoil\/#primaryimage","url":"https:\/\/www.cryptometer.io\/news\/wp-content\/uploads\/2022\/12\/ftx-collaps.webp","contentUrl":"https:\/\/www.cryptometer.io\/news\/wp-content\/uploads\/2022\/12\/ftx-collaps.webp","width":862,"height":485,"caption":"ftx collapsed"},{"@type":"BreadcrumbList","@id":"https:\/\/www.cryptometer.io\/news\/ledgerprime-transforms-into-mnnc-group-after-ftx-turmoil\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.cryptometer.io\/news\/"},{"@type":"ListItem","position":2,"name":"LedgerPrime Transforms into MNNC Group After FTX Turmoil"}]},{"@type":"WebSite","@id":"https:\/\/www.cryptometer.io\/news\/#website","url":"https:\/\/www.cryptometer.io\/news\/","name":"CryptoMeter.io","description":"","publisher":{"@id":"https:\/\/www.cryptometer.io\/news\/#organization"},"alternateName":"CryptoMeter.io","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.cryptometer.io\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.cryptometer.io\/news\/#organization","name":"CryptoMeter.io","url":"https:\/\/www.cryptometer.io\/news\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.cryptometer.io\/news\/#\/schema\/logo\/image\/","url":"https:\/\/i0.wp.com\/www.cryptometer.io\/news\/wp-content\/uploads\/2023\/01\/cropped-favicon_large.png?fit=512%2C512&ssl=1","contentUrl":"https:\/\/i0.wp.com\/www.cryptometer.io\/news\/wp-content\/uploads\/2023\/01\/cropped-favicon_large.png?fit=512%2C512&ssl=1","width":512,"height":512,"caption":"CryptoMeter.io"},"image":{"@id":"https:\/\/www.cryptometer.io\/news\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/x.com\/CryptoMeterIO"],"publishingPrinciples":"https:\/\/www.cryptometer.io\/news\/about-us\/"},{"@type":"Person","@id":"https:\/\/www.cryptometer.io\/news\/#\/schema\/person\/79113eacd105c71e5fa6019d028ca61e","name":"Anish Khalifa","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.cryptometer.io\/news\/wp-content\/uploads\/2024\/04\/cropped-1-96x96.png","url":"https:\/\/www.cryptometer.io\/news\/wp-content\/uploads\/2024\/04\/cropped-1-96x96.png","contentUrl":"https:\/\/www.cryptometer.io\/news\/wp-content\/uploads\/2024\/04\/cropped-1-96x96.png","caption":"Anish Khalifa"},"description":"Hi there! I'm Anish Khalifa, a passionate cryptocurrency content writer with a deep love for this ever-evolving industry. I've been writing about crypto for over 3 years now and I've been captivated by its potential to revolutionize the financial world.","url":"https:\/\/www.cryptometer.io\/news\/author\/anishkhalifa\/"}]}},"jetpack_featured_media_url":"https:\/\/www.cryptometer.io\/news\/wp-content\/uploads\/2022\/12\/ftx-collaps.webp","_links":{"self":[{"href":"https:\/\/www.cryptometer.io\/news\/wp-json\/wp\/v2\/posts\/3251","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.cryptometer.io\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.cryptometer.io\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.cryptometer.io\/news\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/www.cryptometer.io\/news\/wp-json\/wp\/v2\/comments?post=3251"}],"version-history":[{"count":2,"href":"https:\/\/www.cryptometer.io\/news\/wp-json\/wp\/v2\/posts\/3251\/revisions"}],"predecessor-version":[{"id":3258,"href":"https:\/\/www.cryptometer.io\/news\/wp-json\/wp\/v2\/posts\/3251\/revisions\/3258"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.cryptometer.io\/news\/wp-json\/wp\/v2\/media\/400"}],"wp:attachment":[{"href":"https:\/\/www.cryptometer.io\/news\/wp-json\/wp\/v2\/media?parent=3251"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.cryptometer.io\/news\/wp-json\/wp\/v2\/categories?post=3251"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.cryptometer.io\/news\/wp-json\/wp\/v2\/tags?post=3251"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}