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[Maelstrom Co-Founder Criticizes Pantera Fund's Poor Performance Leading to Principal Halving] Maelstrom Co-Founder and Investment Director Akshat Vaidya criticized the poor performance of the Pantera Early-Stage Token Fund LP on the X platform. He stated that he invested $100,000 in the fund four years ago, which has now dwindled to only $56,000 due to Pantera's 3% management fee and 30% performance fee. During the same period, Bitcoin has increased twofold, and seed round projects have seen gains of 20-75 times, while the fund's fee structure has caused LPs to lose nearly half of their principal. Vaidya believes that losing 50%, regardless of the investment year, is an extremely poor performance.