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Shima Capital Shuts Down After SEC Lawsuit Against Founder

Key Highlights The SEC charged Shima Capital and founder Yida Gao with fraud for raising over $169 million based on false statements Following the

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Shima Capital Collapses Following SEC Fraud Charges and Liquidations

Shima Capital, a venture capital powerhouse once synonymous with the 2021-2024 crypto boom, is officially in a state of liquidation following a devastating fraud lawsuit filed by the U.S. Securities and Exchange Commission (SEC). The lawsuit, brought against the firm and its founder Yida Gao in late November 2025, alleges a sophisticated multi-year scheme to defraud investors of over $169 million. The fallout has been immediate, with Gao resigni…

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