Pantera Capital Insignificant Exposure With The FTX Crisis

According to a letter from Pantera Capital partner Paul Veradittakit, the crypto investment firm has little exposure to the defunct FTX exchange despite having a diverse portfolio.

Veradittakit stated in the letter:

“On the Pantera side, we had insignificant exposure on the FTX platform and got exposure to FTX as a shareholder primarily through the acquisition of our portfolio company Blockfolio.”

Blockfolio, a crypto data application, was purchased by FTX in 2020 for $150 million.

The crypto companies, in turn, asserted their exposure to FTX. According to the flow of events, FTX CEO Sam Bankman-Fried announced his resignation and filed for Chapter 11 bankruptcy recently, Coincu reported.

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Harold

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