The crypto fund DBA Crypto has lowered its target fundraising amount from $500 million to $150 million

ChainCatcher news, according to the latest SEC filings, DBA Crypto has reduced its total fundraising target for the fund from $500 million to $150 million, with the target fundraising amount for both the onshore and offshore versions of its flagship DBA Crypto Fund 1 set at $75 million.

Previously, DBA Crypto aimed to raise at least $500 million in external funding, with the goal of launching by the end of 2022 or early 2023. However, three core employees have since left for other crypto companies. (source link)