DefiLlama founder: a project was acquired for a 9-figure amount yesterday, and Tokenholders got nothing.

2025-01-14 11:23:28

ChainCatcher news, 0xngmi, the founder of DefiLlama, wrote on X platform, 'Yesterday, another typical case occurred: the project first obtained VC investment through equity financing, and then further raised funds through the sale of Tokens and Non-fungible Tokens, issuing Tokens similar to equity, and finally being acquired for a nine-digit dollar amount. However, equity holders (including investors, founders, and employees) received full returns, while Token holders received nothing.'

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