According to CoinDesk, Michael Novogratz, CEO of cryptocurrency financial services company Galaxy Digital, believes that it is impossible to recover the $77 million exposure related to FTX. This follows Galaxy Digital yesterday reporting a third-quarter net loss of $68.1 million, compared to a profit of $517.9 million a year earlier, and said Galaxy Digital co-president and head of global markets Damien Vanderwilt will step down as co-president in January. Shares of Galaxy Digital fell 15.7 percent to $3.92 as of yesterday’s close.