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.

BlockBeats News, November 17th, Cryptocurrency Key Opinion Leader @Cbb0fe called out Andre Cronje on Platform X, suggesting a reselection of Flying Tulip's $1 billion fund management institution. Official information indicates that the current fund management institution is MEV Capital and Re7 Labs, both of which have shown a disastrous performance in a recent series of DeFi-related rug pulls.

In September of this year, the cryptocurrency project Flying Tulip, newly founded 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, among others.

This $200 million financing was completed through the Simple Agreement for Future Tokens (SAFT) structure, and 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.