Senior executive departures from Pantera Capital, a major cryptocurrency hedge fund and venture capital investor with $4.7 billion in assets, are wider than previously reported, according to people familiar with the matter.
They aren't the only ones to leave recently. Last week, CoinDesk broke the news that Chief Operating Officer Samir Shah, a 12-year JPMorgan Chase veteran, abruptly left Pantera after barely two months on the job. Legal counsel Joe Cisewski left to become chief of staff for Christy Goldsmith Romero, a commissioner at the Commodity Futures Trading Commission, and Brian Flaherty, a finance manager, left in May after just over a year at Pantera, according to his LinkedIn page.
Schofield, Shah and Flaherty all declined to be interviewed, and Jonson and Cisewski didn't respond to requests for comment. Pantera didn't have an immediate comment.
Pantera was founded in 2003 by Tiger Management alum Dan Morehead, It started as a global hedge fund before making the switch to digital assets about a decade later around the time bitcoin (BTC) was first gaining traction among conventional investors and financial firms. Pantera counts crypto exchanges Coinbase (COIN) and FTX and stablecoin issuer Circle Internet Financial among its investors.
The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is an award-winning media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. In November 2023, CoinDesk was acquired by Bullish group, owner of Bullish, a regulated, institutional digital assets exchange. Bullish group is majority owned by Block.one; both groups have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary, and an editorial committee, chaired by a former editor-in-chief of The Wall Street Journal, is being formed to support journalistic integrity.