Share this article
Ex-Alameda Co-Founder's Crypto Trading Firm Lantern Ventures Said to Be Winding Down Funds
A number of the firm's staff are likely to lose their jobs, according to a person familiar with the matter.
Updated Nov 7, 2025, 1:57 p.m. Published Nov 7, 2025, 1:34 p.m.
Make us preferred on Google
What to know:
- Crypto hedge fund Lantern Ventures is in the process of returning capital to external investors and is closed to new investment, according to people familiar with the process.
- The firm is said to be looking for a buyer, or considering relaunching as a family office.
- Lantern Ventures managed around $600 million in assets at its peak.
Lantern Ventures, a London-based proprietary trading firm founded by some former members of Sam Bankman-Fried’s Alameda Research, is winding down its funds after seven years of operation, according to two people familiar with the plans.
The crypto investment firm is in the process of returning capital to investors and is closing its external funds, a person familiar with the situation said. A number of the hedge fund's staff are likely to lose their jobs, according to a second person.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
The firm is said to have been in talks with potential buyers. Other alternatives include relaunching under a family office structure.
At its peak, Lantern, run by crypto trader and former Alameda co-founder Tara Mac Aulay, held over $600 million in assets under management. Mac Aulay declined to comment.
An affiliate company called Pharos USD Fund SP, a Cayman Islands-based investment fund, was listed as Celsius' largest single creditor at the beginning of the crypto lender's bankruptcy proceedings in 2022, with a claim of around $80 million.
Before becoming a full-time trader, Mac Aulay was the CEO of the Center for Effective Altruism, a philanthropic project that FTX boss Bankman-Fried was also aligned with.
Lantern was also founded on philanthropic principles, with 50% of founder profits being donated to high-impact charitable causes.
The Oct. 10 crypto market crash made institutional fundraising a tougher ask these days, many people said.
More For You
More For You
Dubai takes next step to make real estate flips instant in $16 billion tokenization plan
Dubai Land Department and Ctrl Alt move to the next phase of real estate tokenization project, enabling the resale of property tokens.
What to know:
- Over $5 million in tokenized Dubai real estate becomes tradable on a controlled secondary market.
- The XRP Ledger-based tokens are backed by title deeds, with trades synced to Dubai’s land registry and supported by Ripple Custody.
- The project is part of Dubai’s broader plan to tokenize $16 billion in property by 2033.
Top Stories
