A crypto wunderkind’s $200 million fund had the backing of investors like Bill Ackman and Galaxy. Then everything went south
An investigation into Shima Capital and its founder, Yida Gao.
Fortune ·
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The Latest Breaking News from Shima Capital
He taught at MIT, worked at Morgan Stanley, and convinced Bill Ackman and Galaxy to back his $200 million crypto fund by his early 30s. His future is now in jeopardy
How Shima Capital’s fast-and-loose approach to compliance alienated its backers and could run afoul of the SEC.
Fortune ·
Fraud Lawsuit Alleges China’s Threats To Blockchain And Fintech
The alleged swindler is linked to China's Communist Party and its investment houses.
Zenger ·
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