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Pantera Capital’s Exodus Broader Than Previously Reported: Sources

Terence Schofield, the firm's chief technical officer, and John Jonson, head of the capital formation team, join the list of departing employees.

Updated May 11, 2023, 5:45 p.m. Published Sep 6, 2022, 5:42 p.m.
Pantera Capital CEO Dan Morehead (CoinDesk)
Pantera Capital CEO Dan Morehead (CoinDesk)

Senior executive departures from Pantera Capital, a major cryptocurrency hedge fund and venture capital investor with $4.7 billion in assets, are wider than previously reported, according to people familiar with the matter.

Chief Technical Officer Terence Schofield is leaving after joining the company early this year, the sources said. Also exiting, according to the sources, is John Jonson, head of the capital formation team, a fundraising group within Pantera.

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They aren't the only ones to leave recently. Last week, CoinDesk broke the news that Chief Operating Officer Samir Shah, a 12-year JPMorgan Chase veteran, abruptly left Pantera after barely two months on the job. Legal counsel Joe Cisewski left to become chief of staff for Christy Goldsmith Romero, a commissioner at the Commodity Futures Trading Commission, and Brian Flaherty, a finance manager, left in May after just over a year at Pantera, according to his LinkedIn page.

Schofield, Shah and Flaherty all declined to be interviewed, and Jonson and Cisewski didn't respond to requests for comment. Pantera didn't have an immediate comment.

Pantera was founded in 2003 by Tiger Management alum Dan Morehead, It started as a global hedge fund before making the switch to digital assets about a decade later around the time bitcoin was first gaining traction among conventional investors and financial firms. Pantera counts crypto exchanges Coinbase (COIN) and FTX and stablecoin issuer Circle Internet Financial among its investors.

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Protocol Research: GoPlus Security

GP Basic Image

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  • As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
  • GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
  • Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.

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Foundation behind restaking protocol EigenLayer plans bigger rewards for active users

EigenLayer CEO Sreeram Kannan (University of Michigan, modified by CoinDesk)

An Incentives Committee would direct programmatic token emissions, focusing allocations on participants that secure AVSs and contribute to the EigenCloud ecosystem.

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  • The Eigen Foundation has unveiled a governance proposal aimed at ushering in new incentives for its EIGEN token, shifting the protocol’s reward strategy to prioritize productive network activity and fee generation.
  • Under the plan, a newly formed Incentives Committee would manage token emissions, prioritizing participants who secure Actively Validated Services and expand the EigenCloud ecosystem.
  • The proposal includes a fee model that channels revenue from AVS rewards and EigenCloud services back to EIGEN holders, potentially creating deflationary pressure as the ecosystem grows.