When Crypto Exposure Devastated Finance Teams: A Case Study in Risk, Response, and Recovery

https://storyconsole.westword.com/sc/on-the-operational-turn-in-late-2025/

How a $300M Asset Manager's Crypto Custody Failure Rocked Finance and Compliance In late 2023 a mid-sized asset manager with $300 million in assets under management (AUM) launched a thematic fund allocating up to 12% to digital assets