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Morningstar Ventures issues a statement on the Space project demanding refunds and transparency

2026-01-23 03:27:21

PANews January 23 News, investment firm Morningstar Ventures has issued a statement urging the Space team to prioritize the interests of the community and public sale participants, and to fulfill their previous commitment to launch a refund application page by January 27, refunding at least 50% of the raised funds. All public sale users can choose to receive partial refunds; at the same time, they call for disclosure of fund usage, current balance, and future roadmap, stating that they are not the lead investor in Space, only making small investments, and are pushing the team to refund as much as possible and release the first public version of the product on schedule.
Yesterday, it was reported that Space responded to community questions regarding fundraising transparency and refund issues, deciding to refund $7.3 million of excess funds.

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