SHIMA CAPITAL TO SHUT DOWN AMID SEC FRAUD ALLEGATIONS AGAINST FOUNDER

Cryptocurrency venture capital firm Shima Capital is shutting down after founder Yida Gao resigned and closed the fund following SEC charges of involvement in a fraud scheme. Gao had previously exaggerated investment returns, which were actually far lower than advertised.

#CryptoMarket #SEC #coincap #CoinClub #coinaute

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