Cryptocurrencies
Marc Lasry, Chris Giancarlo Invest in Crypto Firm BlockTower
- Avenue Capital’s Lasry is also co-owner of NBA’s Bucks
- Giancarlo was referred to as ‘crypto dad’ while at CFTC
Marc Lasry
Photographer: David Paul Morris/BloombergThis article is for subscribers only.
Billionaire hedge-fund manager Marc Lasry and former U.S. Commodity Futures Trading Commission Chairman Christopher Giancarlo have invested in crypto-asset and blockchain investment firm BlockTower Capital.
Terms weren’t disclosed. Lasry, the co-founder and chief executive officer of Avenue Capital Group, made an investment independent of his firm, according to people familiar with the matter who weren’t authorized to speak on the record. Both Lasry and Giancarlo confirmed the investments, but declined to comment further.