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Fortune
Fortune
Leo Schwartz

A crypto wunderkind’s $200 million fund had the backing of investors like Bill Ackman and Galaxy. Then everything went south

Portrait of Yida Gao from Shima Capital.. (Credit: PRNewswire/PRLog)

Hi, Leo Schwartz here filling in for Allie.

Stop me if you’ve heard this story before. A crypto boy wonder rises through the ranks of blue-chip institutions, with credentials from MIT, Morgan Stanley, and the Forbes 30 under 30 list. He gains the trust and support of leading investors in finance and crypto, from Bill Ackman to the Galaxy firm. But just under the surface, trouble—and serious legal ramifications—loom. 

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