According to crypto journalist Kate Irwin, SEC sued crypto venture firm Shima Capital and its founder Yida Gao three weeks ago, alleging they carried out a scheme to defraud investors. Internal emails show that Gao has told founders of portfolio companies he plans to step down and begin winding down the fund. Founded in 2021, Shima Capital manages about $ 200 million in assets and has invested in projects including Berachain, Monad, and Pudgy Penguins. https://t.co/p3CZ88CNeo ...