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crypto VC Shima Capital is winding down operations amid SEC's fraud charges against its founder

Shima Capital Management, a crypto venture capital firm that raised $200 million in 2021, is winding down operations a few weeks after the Securities and Exchange Commission (SEC) filed fraud charges against its founder, Yida Gao. Journalist Kate Irwin shared screenshots of an email Gao sent to the founders of his VC's portfolio companies, in [...]

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