TechFlow news, November 19 — According to Wu Shuo's disclosure, the $1 billion Ethereum DAT initiative, previously led by Li Lin, Shen Bo, Xiao Feng, Cai Wensheng and others, has been shelved, and the funds raised so far have been returned. This was the largest DAT project in Asia led by Asian investors. Industry insiders speculate that the main reason for its suspension is the bearish market following the October 11 incident, with many DAT companies experiencing significant stock price declines recently. Regarding whether the plan will be restarted, relevant parties stated that investor interests will be prioritized, and the decision will depend on future market conditions.
Add to Favorites
Share to Social Media
