Finance

Key employee exits as John Burbank’s Passport Capital attempts to execute its complicated bet on crypto

A well-known cryptocurrency employee of John Burbank’s Passport Capital has left the firm as it looks to execute its complicated strategy in the digital currency market, sources familiar with the situation tell The Block. 

Burbank’s Passport Capital rocketed to stardom after it made a big bet against the subprime mortgage market prior to the 2008 financial crisis.