Morningstar Ventures: Not the lead investor in Space; the project has committed to refund at least 50% of the public fundraising proceeds.

According to Odaily, 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 application page on January 27, promising to refund at least 50% of the raised funds, and allowing all public sale participants to apply for partial refunds. Morningstar Ventures requires this process to be executed transparently and without delay, and requests the team to disclose information on fund usage, current balances, and future roadmaps.

Morningstar Ventures reiterated that it is not the lead investor in Space and did not participate in the structuring, decision-making, or modification of the public sale, but only communicated at a high level as a small investor based on public information. Currently, Morningstar Ventures is in discussions with the Space team and other investors, urging the team to refund as much as possible according to available funds and public commitments. In addition, the Space team has promised to release the first public version of the product next week for review by the community and investors.

Previously, the prediction market project Space's public offering sparked controversy, as the team retained tens of millions of dollars in excess funds citing a "soft cap," despite the original fundraising target being $2.5 million.