# Monad

Another crypto VC quietly exits | Shima Capital is ending operations
Industry sources confirm:
The crypto venture capital firm Shima Capital, which has invested in Berachain, #Monad , Pudgy Penguins, is quietly shutting down.
The trigger is straightforward—
Three weeks ago, the SEC officially sued Shima Capital and its founder Yida Gao.
The SEC's core allegations include 👇
Serious exaggeration of investment returns in fundraising materials
👉 claimed 90x, but actual returns were only about 2.8x
Transferring fund assets to offshore entities fully controlled by the founder
Key financials and re

The Monad Testnet is nearing its final chapter
Months of non-stop testing, validator feedback, bug hunts and community experiments are coming to a close. This phase has shown what Monad can do under pressure and helped shape the path toward mainnet.
As the closing date approaches, now’s the time to share your thoughts, wins and lessons from the testnet. What was your favorite feature? Which dApps impressed you most? Any predictions for mainnet?
Let’s make these last days count.. #Monad MonadMainnet