💥 Gate Square Event: #PostToWinCC 💥
Post original content on Gate Square related to Canton Network (CC) or its ongoing campaigns for a chance to share 3,334 CC rewards!
📅 Event Period:
Nov 10, 2025, 10:00 – Nov 17, 2025, 16:00 (UTC)
📌 Related Campaigns:
Launchpool: https://www.gate.com/announcements/article/48098
CandyDrop: https://www.gate.com/announcements/article/48092
Earn: https://www.gate.com/announcements/article/48119
📌 How to Participate:
1️⃣ Post original content about Canton (CC) or its campaigns on Gate Square.
2️⃣ Content must be at least 80 words.
3️⃣ Add the hashtag #PostTo
Shima Capital Under Fire: Founder's Secret Asset Transfer Sparks Investor Protection Concerns
The crypto VC world just got messier. Shima Capital founder Yida Gao is under investigation for allegedly siphoning company assets into a personal offshore entity—a move that attorney Eric Hess says directly violates the Investment Advisers Act.
Here’s where it gets interesting: despite the current bull market, Shima Capital is bleeding talent. CTO Carl Hua and Research Director Alexander Lin both peaced out earlier this year to launch their own firms, followed by COO Hazel Chen. When top brass starts heading for the exits, it’s usually not a good sign.
The numbers tell the real story:
The firm has also gone radio silent on fundraising—no surprise given the regulatory heat and reputational damage. Gao hasn’t been charged yet, but the SEC investigation suggests serious questions about investor protection protocols.
Shima Capital’s rep declined to comment on ‘regulatory matters,’ which basically means ‘no comment.’ The silence speaks volumes.
This isn’t just drama—it’s a cautionary tale about governance in crypto VC. When founders have unchecked power over investor capital, things can spiral fast.