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Maelstrom Capital Investment Director: A $100,000 investment in a fund under Pantera has only $56,000 left after 4 years.
On November 3, news reported that Akshat Vaidya, the investment director of Maelstrom Capital, stated that his investment of $100,000 in an early Crypto Assets fund (the screenshot shows it is a fund under Pantera) has only left $56,000 after 4 years, resulting in a loss of nearly 50%. During the same period, the price of Bitcoin doubled, and some seed projects achieved returns of 20 to 75 times. However, due to high management fees and profit sharing, the funds of LPs (limited partners) were severely diminished.