Investment asset management firm Pantera Capital said its investments were affected by the FTX collapse.
The collapse of the cryptocurrency exchange FTX continues to shake investment companies. Recently, many investment companies have been working hard to recover their inside assets. Investors’ assets were also locked up, as the exchange suspended all trading and sought liquidity. Earlier in the day, BlockFi announced that it was suspending operations, stating that it could not recover its assets due to the collapse. Then, many companies made statements in turn. Finally, Pantera Capital also expressed that it was affected by the FTX collapse.
Pantera Capital Impacted by Blockfolio
Pantera Capital, one of the strongest investment companies in the crypto industry, attributed their influence from the FTX collapse to the Blockfolio company.
Pantera Capital partner Paul Veradittakit said that this impact on the company was insignificant. Veradittakit, who did not mention how much and how big a planting was, attributed the events to the Blockfolio company.
Paul Veradittakit said the following on the subject;
“At Pantera Capital, we had insignificant exposure to the FTX platform and had exposure to FTX as a shareholder, primarily through the acquisition of our portfolio company, Blockfolio.”
US-based FTX acquired crypto data app Blockfolio for $150 million two years ago. Also, Veradittakit stated that the company’s priority is to control losses in its portfolios.
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