According to Blockworks reports, Electric Capital told its LP company that it had little influence in the FTX mine explosion, had no FTX equity, had no exposure to FTT, SRM or SOL tokens, and had never had business dealings with Alameda Research. Avichal Garg, co-founder of Electric Capital, said the company has 8 bitcoins hosted by FTX, two companies that Electric Capital has invested in, but did not disclose other information. Electric Capital stated that it had questioned the token economics of the Serum token SRM, and the white paper stated that the circulation of the token at the time of issuance will account for about 10% of the total circulation. All pre-sale, team and contributor tokens will be unlocked between one and seven years thereafter. Electric believes that SRM lacks circulation, and low circulation will limit supply, thereby driving up prices. Electric therefore dropped its investment in SRM and later decided not to invest in FTT either.