Pantera exec Joey Krug leaves crypto investment firm: CoinDesk

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. 

“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.