Major Web3 Investor Shima Capital Shuts Down Following SEC Fraud Claims

Shima Capital is shutting down after the Securities and Exchange Commission accused founder Yida Gao of inflating his track record to defraud investors. Founder Departure and Fund Resignation Shima Capital, once one of the most prolific early-stage investors in the Web3 space, has begun a formal wind-down of its operations weeks after the Securities and []