Golden Finance reported that according to The Information, citing unnamed sources, MoonPay insiders including co-founder and CEO Ivan Soto-Wright received $150 million in the crypto payment startup's Series A financing in late November 2021. In the 2021 Series A financing, MoonPay announced that it had raised $555 million at a valuation of $3.4 billion, with investors including Tiger Global Management and Coatue Management. But some of the money did not go to the company, but was used to buy shares from existing shareholders such as Soto-Wright. According to The Information, citing anonymous sources, "MoonPay raised $405 million by selling shares to investors, and the remaining $150 million represented shares cashed out by insiders in secondary transactions." These insiders reportedly include Soto-Wright. MoonPay reportedly confirmed that the Series A financing included secondary sales, which had not been disclosed before. The company did not immediately respond to The Block's request for comment. A few weeks after the Series A, Soto-Wright purchased a $38 million mansion in Miami, where he has hosted lavish parties, like the one he threw during last year’s Art Basel festival.