Early investors and angels at seed pricing, obviously, that's not a scandal, that's how every raise works, and fixating on it distracts from whether the product actually holds up.
The raise isn't an exit, it's the burn pile, that $80M is runway for operations, and the founders are likely locked up tight while they try to build something before the stablecoin narrative cools.
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Who's cashing out at the $80M valuation and why
Early investors and angels at seed pricing, obviously, that's not a scandal, that's how every raise works, and fixating on it distracts from whether the product actually holds up.
The raise isn't an exit, it's the burn pile, that $80M is runway for operations, and the founders are likely locked up tight while they try to build something before the stablecoin narrative cools.