ChainCatcher news, Chris Williams announced on X that he is resigning as CEO of OpSec.He stated: "The entire core team will also resign with me. Despite our best efforts, we have encountered some challenges that prevent us from continuing to work in a manner consistent with our values of transparency, accountability, and integrity.This decision was made based on recent findings revealed by ZachXBT, as well as our self-assessment of OpSec's operations. These findings, combined with the long-term absence of undisclosed founders and separate control over the company's finances, severely limited our ability to effectively lead and execute our vision. Payment delays, layoffs, and the unclear direction of OpSec's development have placed immense pressure on our team and affected our collective ability to fulfill our commitments to our loyal community."According to RootData, OpSec is an artificial intelligence and decentralized cloud computing platform with features such as decentralized servers, dedicated networks, RDP, GPU, and one-click node setup, aimed at achieving cloud security for DePIN hardware.Previously reported, on-chain detective ZachXBT stated on X: "The SCALE, NTD, TPU, and OPSEC projects are all associated with the same person Zopp0, who uses multiple KOLs to exploit inexperienced traders."

ChainCatcher news, according to The Block, the head of the U.S. Securities and Exchange Commission (SEC) crypto assets and cyber unit has left the agency after nine years in office.

ChainCatcher news, according to Fortune magazine, a survey found that Yida Gao, the founder of crypto venture capital Shima Capital, created a secret offshore entity and transferred assets belonging to his venture capital firm to a company registered in his own name, without the knowledge of other investors in the company. Lawyer Eric Hess stated that this completely violates the conduct permitted under the Investment Advisers Act.Yida Gao has not been charged with any crime, and a representative of Shima Capital stated that the company would not comment on "such regulatory matters." However, according to an anonymous source, Yida Gao's poor performance and behavior have clearly violated the investor protection rules of the U.S. Securities and Exchange Commission (SEC), putting him in a difficult position for raising further funds. A representative from Shima Capital revealed that the company is currently not seeking financing.Shima Capital has also experienced a wave of high-level employee departures in recent months, including Chief Technology Officer Carl Hua and Research Director Alexander Lin, who left earlier this year to start their own venture capital firm, as well as Chief Operating Officer and Head of Compliance Hazel Chen. The departing executives did not respond to requests for comment. The latest SEC filings show that the firm manages approximately $158 million in assets—this figure is down from the $200 million raised in 2022.