Pantera exec Joey Krug leaves crypto investment firm: CoinDesk

Quick Take

  • Joey Krug, the co-chief investment officer of Pantera Capital, is leaving the firm after six years.
  • Krug’s departure comes after a tumultuous year for crypto markets.

Pantera Capital co-Chief Investment Officer Joey Krug has left the venture capital and investment firm, CoinDesk reported, citing a letter sent out to partners on Friday. 

Krug joined Pantera Capital in 2017 and oversaw the firm’s early-stage token fund, which lost a considerable amount of its value last year. Krug recently said 2022 was a “very brutal year for risk assets.” 

A new executive management committee will absorb Krug’s responsibilities, Pantera founder and Chief Executive Officer Dan Morehead wrote in the letter. 

THE SCOOP

Keep up with the latest news, trends, charts and views on crypto and DeFi with a new biweekly newsletter from The Block's Frank Chaparro

By signing-up you agree to our Terms of Service and Privacy Policy
By signing-up you agree to our Terms of Service and Privacy Policy

“While Joey is a friend and we are naturally sad to see him leave, we expect the transition to be seamless,” Morehead said.

Krug and Pantera did not immediately respond to requests for comment. 


© 2023 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

About Author

Stephanie is a senior reporter covering policy and regulation. She is focused on legislation, regulatory agencies, lobbying and money in politics. Stephanie is based in Washington, D.C.

Editor

To contact the editors of this story:
Nathan Crooks at
[email protected]
Colin Wilhelm at
[email protected]

More by Stephanie Murray