Early Crypto Funds Grew Too Big, Maelstrom Co-Founder Slams Pantera

Akshat Vaidya, co-founder and managing partner at Maelstrom, the family office of BitMEX founder Arthur Hayes, has taken aim at early-stage crypto funds like Pantera Capital. He accused these funds of becoming “too big” and ultimately failing their investors. In a recent post on X, Vaidya revealed that his $100,000 investment in the Pantera Early-Stage Token Fund LP from four years ago had declined to just $56,000 due to its high-cost structure.   Notably, the fund included a 3% management fee and a 30% ...