Multicoin Capital's Venture Fund III has an exposure of over $25 million to FTX

According to ChainCatcher, The Block reports that the crypto venture capital firm Multicoin Capital has disclosed its stake of over $25 million in FTX US from its third venture capital fund, which has a total amount of $430 million, accounting for 5.8% of the fund.

Multicoin announced the $430 million fund in July, with its founders Kyle Samani and Tushar Jain, along with other unnamed institutional backers, being the largest LPs in the fund. In addition to the $25 million investment in FTX US, the venture fund also holds about $2 million in FTX International. (Source link)