Morningstar Ventures Clarifies Non-Lead Investment in Space, Project to Refund at Least 50% of Public Sale Funds

ChainCatcher News: Morningstar Ventures posted on X regarding its investment in the prediction market project Space, stating that the Space team must prioritize the interests of the community and public sale participants. In a recent X Space, the team publicly committed to opening a refund process via a claim page on January 27, and announced that at least 50% of the raised funds will be refunded, with all public sale participants able to choose to apply for partial refunds. Morningstar Ventures has requested that this process be executed transparently and without delay, and has also asked the team to disclose information on fund usage, current balances, and the project's future roadmap. Morningstar Ventures reiterated that it is not the lead investor in Space, did not participate in the structure, decision-making, or modifications of the public sale, and only engages in high-level communication as a small investor based on publicly available information. Currently, Morningstar Ventures is in discussion with the Space team and other investors, urging the team to refund as much as possible based on available funds and public commitments. Additionally, the Space team has pledged to release the first public version of the product next week for review by the community and investors.