Based on HashNews, the Ethereum DAT plan led by Li Lin, Shen Bo, Xiao Feng, and Cai Wensheng has been suspended, with approximately $200 million in raised funds already refunded. The plan initially aimed to purchase around $1 billion worth of ETH through a NASDAQ shell company, involving $200 million from Avenir and $500 million from Asian institutions. Industry insiders suggest the suspension may be linked to the post-1011 event bearish market and falling DAT company stock prices. Whether the plan will resume remains uncertain, with involved parties stating they will prioritize investor interests and monitor market trends before making a decision.
Ethereum DAT Plan Led by Li Lin and Xiao Feng Halted, $200M Raised So Far Refunded
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