Risk Warning: Beware of illegal fundraising in the name of 'virtual currency' and 'blockchain'. — Five departments including the Banking and Insurance Regulatory Commission
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Solomon's last-minute fundraising push of $100 million resulted in a massive cash grab for its investors, with insider trading involving single transactions yielding over $500,000.

2025-11-19 06:57

According to @xhanTululu, Solomon Labs raised $100 million in its MetaDao fundraising at the last minute, becoming the second-highest-funded project on MetaDao so far, second only to UmbraPrivacy. Previously, the project's fundraising amount had remained between $3 million and $5 million for several days.

As a result, users on Polymarket who predicted Solomon's fundraising amounts to be between $20 million and $40 million to $100 million were all "caught red" (meaning they were essentially wiped out). Meanwhile, the suspected insider address "KimballDavies" consistently chose the low-probability "yes" option in this event, accumulating a profit of over $500,000.