Dragonfly partner: Institutions participating in Nova Markets' financing did not complete basic due diligence

Foresight News reported that a Dragonfly partner, referring to the recent announcement by Nova Markets about completing a new funding round, reposted and commented that the Nova Markets team are "big scammers" and that the investment institutions participating in their latest round "didn’t even do the most basic due diligence." The partner later added that some investor names were old companies pulled in without any actual new capital invested, which is also a typical malicious operation by the team.

Previously, Nova Markets had posted that it completed a new funding round with participation from Wintermute, Robot Ventures, Big Brain Holdings, Cumberland, GSR, Greenfield Capital, hash3xyz, Bodhi Ventures, and Kairos Research, among others.