origin:
On September 5, the price of the cross-chain protocol Synapse plummeted, and the official response said that a Synapse liquidity provider sold its SYN tokens and withdrew liquidity today. The community later discovered that this liquidity provider was NimaCapital.
NimaCapital:
NimaCapital was not well-known in the crypto community before and did not actively participate in public activities in the crypto industry.
Its founder Suna Said claims that he started investing vertically in the crypto field since 2016, including incubators, early-stage investments, token investments, and liquidity mining.
According to DeFiLIama data, NimaCapital's investment portfolio is more inclined towards DeFi and trading, with more than half of the projects concentrated in this track.
Suna Said’s husband, Scott Maslin, is the founder of real estate investment firm Woodglen Investments and a founding partner of Alpha Blue Ventures, which focuses on acquiring, developing and managing real estate projects in New York and Southeast Florida.
What happened inside NimaCapital:
As the community speculates, there may be something wrong with Nima Capital’s financial situation.
There are four different possibilities:
1. Nima Capital was hacked;
2. Nima is insolvent/in legal trouble;
3. The U.S. SEC found that the Synapse protocol violated the rights of NRV (a project previously founded by the team) holders;
4. A combination of the above situations.
In addition to Synapse, Nima Capital’s public investments include:
