Pantera Capital, a cryptocurrency venture capital fund, invested more than $100 million in Toncoin earlier this year. People familiar with the matter said that Pantera bought TON at a price 40% below the market price at the time. Although Telegram founder Durov was recently detained for allegedly failing to effectively combat criminal activities, Pantera still regards Toncoin as one of its largest investments.
It is reported that Pantera's investment in Toncoin is still in the lock-up period and can be sold in batches after one year. (Bloomberg)