Mike Novogratz says that ‘the toxic masculine side’ of him wants to punch Sam Bankman-Fried and DCG’s Barry Silbert in the jaw for their roles in the events that have haunted the crypto industry.

Mike Novogratz’s Galaxy Digital has lost an estimated $3 billion on paper due to the events that shaped the 2022 crypto winter. The crypto investment firm still has $1 billion in cash on its balance sheet and is looking to recalibrate its operations by making tough choices such as laying off 15% of its 375 global employees.