Hedge Funds

Haruko, a London-based crypto technology provider for institutional clients, was hit by a targeted cyberattack that affected 15 customers and exposed read-only exchange API details and trading data. Some smaller hedge-fund clients with weaker security controls may have lost a small amount of funds, while Haruko said it has fixed the vulnerability and refreshed server-side secrets.

Leveraged funds on CME have flipped net long bitcoin futures after years in which basis trades kept reported positioning structurally short. The shift comes as weaker futures yields reduce the appeal of the carry trade while bitcoin rebounds from its July low.