Galaxy accuses former general partner Richard Kim of misappropriating at least $3.67 million of Zero Edge funds

Galaxy accused Richard Kim, a former general partner of Galaxy Interactive, Galaxy's game-focused venture fund, of misappropriating at least $3.67 million from its new blockchain startup Zero Edge, where Kim was reportedly still working until recently. Kim said Zero Edge raised more than $7 million from investors and officially completed its seed round of financing two months ago, but he has admitted to investors that he lost most of the money in a series of bad cryptocurrency transactions and subsequently resigned from the company. He has surrendered to the public reporting hotline of the U.S. Securities and Exchange Commission (SEC). (coindesk)