Pantera Capital Loses Another Senior Exec as Crypto Hedge Fund’s CFO Departs: Source

The executive exodus from cryptocurrency hedge fund and venture-capital investor Pantera Capital continues.

Chief Financial Officer Ryan Davis is leaving, according to a person with knowledge of the matter. Matt Gorham, a Pantera strategic adviser with ties to the 19-year-old company dating back to its pre-crypto days, will fill in for him temporarily, the person said.

A Pantera spokesman declined to comment. Davis didn’t respond to a request for comment.

His departure follows the exit of Chief Technical Officer Terence Schofield, Chief Operating Officer Samir Shah and other employees.

Read more: Pantera Capital’s Exodus Broader Than Previously Reported: Sources

Pantera is a large player in crypto investing and venture capital. Its assets under management stand at nearly $5 billion after the company raised $2 billion in new capital over the past 18 months, according to the person familiar with the matter.