About 10% of Multicoin's assets are pending withdrawal on FTX, and all FTT positions have been sold

According to The Block, Multicoin Capital managing partners Kyle Samani and Tushar Jain wrote to LPs stating that about 10% of the fund’s assets under management (AUM) are still waiting to be withdrawn on FTX. “Unfortunately, we were unable to withdraw all of the fund’s assets on FTX, assets including BTC, ETH, and USD are pending withdrawals, representing approximately 15.6% of the fund’s assets (excluding side pocket accounts), approximately 15.6% of the fund’s assets 9.7% of assets under management". Additionally, Multicoin acted immediately after Binance announced the acquisition of FTX, selling its entire FTT position at an average price of $17.79.