Top Crypto VC Polychain Says Ex-General Partner Made Undisclosed Side Deal With Portfolio Company

Polychain was founded by Olaf Carlson-Wee, the first employee of crypto exchange Coinbase, and is one of the largest and best-known crypto venture firms, with more than $11 billion in assets under management. Pant was a general partner there from 2017 to 2023, tasked with steering the firm’s venture money into promising crypto startups.