---
title: "Shima Capital Ceases Operations Amid SEC Fraud Allegations"
type: "News"
locale: "zh-CN"
url: "https://longbridge.com/zh-CN/news/269943689.md"
description: "Shima Capital is shutting down after the SEC accused founder Yida Gao of fraud, including exaggerating returns and undisclosed fund transfers. Gao is resigning and closing the fund, which managed $200 million. He agreed to a $4 million settlement."
datetime: "2025-12-17T01:53:53.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/269943689.md)
  - [en](https://longbridge.com/en/news/269943689.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/269943689.md)
---

> 支持的语言: [English](https://longbridge.com/en/news/269943689.md) | [繁體中文](https://longbridge.com/zh-HK/news/269943689.md)


# Shima Capital Ceases Operations Amid SEC Fraud Allegations

According to ChainCatcher, cryptocurrency venture firm Shima Capital is quietly shutting down its operations following a lawsuit filed by the U.S. Securities and Exchange Commission (SEC) against the company and its founder, Yida Gao, three weeks ago. The SEC accused Gao of deceiving investors through a fraudulent scheme. An email sent to portfolio company founders revealed that Gao is resigning and closing the fund, expressing regret for his decisions and apologizing for disappointing stakeholders. Founded in 2021, Shima Capital managed $200 million and invested in various crypto projects such as Berachain, Monad, and Pudgy Penguins. The SEC's allegations include claims that Gao exaggerated investment returns in promotional materials, stating a return of 90 times when the actual return was only 2.8 times. Additionally, Fortune magazine reported that Gao transferred investment funds to an offshore entity he fully owned without disclosing this to investors. The day after the SEC filed its lawsuit, Gao agreed to pay approximately $4 million in settlement.

## 相关资讯与研究

- [Why Is Silver Down 4% Today, 4/2/26?](https://longbridge.com/zh-CN/news/281547191.md)
- [$100 Invested In ProShares Ultra Silver 10 Years Ago Would Be Worth This Much Today](https://longbridge.com/zh-CN/news/281548227.md)
- [Iridium Communications Stock (IRDM) Moonshots 12% on SpaceX IPO Filing and Amazon Takeover Rumors](https://longbridge.com/zh-CN/news/281548482.md)
- [Trump speech unleashes more pain on US consumers with $5 gasoline, record diesel in sight](https://longbridge.com/zh-CN/news/281550771.md)
- [Micron Sell-off Is a "Buying Opportunity" Says Mizuho](https://longbridge.com/zh-CN/news/281560003.md)