Multicoin Capital Co-Founder Resigns Amid Strategic Disagreements

Kyle Samani, co-founder of Multicoin Capital, stepped down from his position on February 5, 2026. According to NS3.AI, his resignation is linked to strategic disagreements concerning Multicoin's substantial investment in Hyperliquid's HYPE token. Despite the firm's significant acquisitions of HYPE, Samani criticized the platform's closed-source, permissioned structure and the founder's controversial background. This incident underscores a divide between investors prioritizing transparency, like Samani, and those who favor performance and liquidity through platforms such as Hyperliquid.