FTX announced that it was facing a liquidity crunch earlier this week and that it would be acquired by rival exchange Binance. The deal with Binance fell through on Wednesday. On Thursday, FTX CEO Sam Bankman-Fried apologized and said that he would look to wind down trading at sister firm Alameda Research. FTX acquired the crypto data application Blockfolio in 2020 for $150 million. The FTX exposure from the Blockfolio investment is roughly 2% of the firm’s total assets under management, said Franklin Bi, Pantera’s director of portfolio development, on Twitter. The firm oversees $5.8 billion in assets, according to a recent investment adviser filing, Pantera is one of the oldest investment firms in the crypto industry, having been founded in 2013.
Pantera Capitals exposure to FTX is from its Blockfolio investment
