---
title: "The founder of Shima Capital resigned amid fraud allegations and is gradually ending the fund's operations."
type: "News"
locale: "zh-CN"
url: "https://longbridge.com/zh-CN/news/269947883.md"
description: "Shima Capital's founder, Yida Gao, has resigned following fraud allegations by the SEC. The firm is gradually ending its operations. Gao expressed regret in emails to portfolio company founders. Shima Capital, established in 2021 with $200 million, invested in various cryptocurrency projects."
datetime: "2025-12-17T02:43:00.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/269947883.md)
  - [en](https://longbridge.com/en/news/269947883.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/269947883.md)
---

> 支持的语言: [English](https://longbridge.com/en/news/269947883.md) | [繁體中文](https://longbridge.com/zh-HK/news/269947883.md)


# The founder of Shima Capital resigned amid fraud allegations and is gradually ending the fund's operations.

Kate Irwin posted on the X platform that cryptocurrency venture capital firm Shima Capital has quietly withdrawn from the market. Three weeks ago, the U.S. Securities and Exchange Commission (SEC) filed a lawsuit against Shima Capital and its founder, Yida Gao, accusing him of "participating in a scheme to defraud" specific investors. An insider provided her with screenshots of emails Yida Gao sent to the founders of portfolio companies, showing that Gao was resigning and gradually ending the fund's operations. The email read, "I deeply regret the wrong decision I made and apologize to you for letting you down." Shima Capital was founded in 2021 with an initial capital of $200 million and had invested in several cryptocurrency projects, including Berachain, Monad, Pudgy Penguins, Sleepagotchi, and Gunzilla.

## 相关资讯与研究

- [Inspire Veterinary Partners Delays Annual SEC Filing](https://longbridge.com/zh-CN/news/281288118.md)
- [Facilities by ADF Appoints Singer Capital Markets as Sole Broker and Nomad](https://longbridge.com/zh-CN/news/281132651.md)
- [EToro enters New York, clearing BitLicense hurdle years after FTX bankruptcy](https://longbridge.com/zh-CN/news/281483283.md)
- [Shaftesbury Capital Defers 2025 Executive Bonuses into Long-Dated Share Options](https://longbridge.com/zh-CN/news/280646369.md)
- [R8 Capital Updates Share Capital Following Admission of New Ordinary Shares](https://longbridge.com/zh-CN/news/281494998.md)