A senior director at Arthur Hayes’ Maelstrom investment firm revealed that a $100,000 investment in a crypto venture capital fund had fallen to $56,000 over four years. This decline occurred despite Bitcoin doubling in value and seed-stage tokens increasing by up to 75 times over the same period. Fund Underperformance Sparks Transparency Debate The revelation, made by Akshat, Maelstrom’s investment director, has intensified scrutiny of crypto VC fund performance and fee structures. Akshat shared his experience as a limited partner in an early-stage token fund
source: https://beincrypto.com/maelstrom-fund-backlash-crypto-investment-loss/