@venturevillagewall · Post #3952 · 22.01.2025 г., 16:00
Fraud Claims Hit Indonesian Unicorn EFishery, an Indonesian fish feeding startup, faces serious allegations of financial misconduct after raising $200 million backed by major investors like Temasek and Softbank. An internal investigation revealed inflated profits ($16M claimed vs. $35.4M actual loss) and exaggerated revenue ($752M claimed vs. $157M actual). Both founders have been removed from their positions following these revelations. For more details, read the article on Bloomberg. #Crypto#Startups#Investing#EFishery#Fraud#Finance#Bloomberg#Investors#Indonesia#Temasek#Softbank#MarketWatch