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Shalini Nagarajan

Entropy, an a16z-Backed Decentralized Custody Startup, to Wind Down and Return Capital

Entropy, a decentralized crypto custody company backed by Andreessen Horowitz, is shutting down after roughly four years in operation, with founder and CEO Tux Pacific planning to return remaining funds to investors. After a late 2025 pivot toward a crypto automation platform failed to meet venture-scale expectations, Pacific decided to close the business and is now considering a move into pharmaceuticals research.
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