The funding of the AC new project Flying Tulip is managed by MEV Capital and Re7 Labs, with the community calling for a re-election.

On November 17th, the cryptocurrency Key Opinion Leader @Cbb0fe pointed out Andre Cronje on Platform X and proposed the reselection of the $1 billion fund management institution for Flying Tulip. Official information shows that the current fund management institution is MEV Capital and Re7 Labs. Both have exhibited disastrous performance in a series of recent DeFi-related rug pulls. In September of this year, the cryptocurrency project Flying Tulip, newly established by Andre Cronje, announced a $1 billion valuation and completed a $200 million private seed round of financing. This round of financing was participated in by Brevan Howard Digital, CoinFund, DWF Labs, FalconX, Hypersphere, Lemniscap, Nascent, Republic Digital, Selini, Sigil Fund, Susquehanna Crypto, Tioga Capital, and Virtuals Protocol, etc. This $200 million financing was completed through the Simple Agreement for Future Tokens (SAFT) structure. Flying Tulip aims to build an on-chain trading platform covering the entire DeFi sector, including spot, derivatives, lending, stablecoins, and insurance, all unified within one system.