💥 SEC filed a lawsuit against crypto venture firm Shima Capital and its founder Yida Gao three weeks ago.

⚪ The allegation said the venture implemented a plan to scam investors

⚪ Internal emails reveal Gao informing founders of portfolio companies of his plans to retire and begin winding down the fund

⚪ Shima Capital was founded in 2021

⚪ The venture manages about $200M in assets

⚪ It invested in projects including Berachain, Monad, and Pudgy Penguins.