​Pantera Capital lost its investment director Venture capital | Altcoin Holder

​Pantera Capital lost its investment director

Venture capital firm Pantera Capital lost its chief investment officer amid poor returns on bitcoin and ether investments

U.S. venture capital firm Pantera Capital has lost one of its investment directors, Joey Krug. That's what Bloomberg reports, citing a letter the firm sent out to a limited number of partners.

What exactly caused the departure remains officially unclear. At the time of writing, Pantera Capital has decided not to publicly comment on the reports about Krug's departure. The publication notes that this is the second top manager to leave Pantera Capital in the last couple of months. Earlier, Samir Shah, the firm's chief operating officer, left.

Krug left Pantera Capital amid rumors that the company was unhappy with the results of investments in bitcoin (BTC) and ether (ETH). Earlier, the media revealed that the firm would abandon BTC and ETH in its Liquid Token Fund and focus on altcoins. In 2022, the venture capital firm focused on ETH in order to avoid further drawdowns in market quotes.