According to Blockworks citing sources, Multicoin Capital’s assets fell by about 55% in about two weeks due to the bankruptcy of FTX. In addition to 9.7% of the assets being managed by FTX, the loss is also due to its long-term bullishness on Solana and Solana’s ecological assets, such as Mango, holding FTX.US equity and unfinished derivatives contracts. In addition, Multicoin has no plans to close its flagship product or switch to a proprietary trading business, and is introducing operational and infrastructure improvements, including efforts to reduce counterparty risk. Foresight News previously reported that Multicoin stated that about 10% of its assets are pending withdrawal on FTX and that it has sold all FTT positions.