The leveraged prediction market Space's public offering exceeded the standard by 8 times, causing controversy, with the team accused of ignoring commitments and forcibly retaining the excess funds

The public fundraising event of the Solana ecosystem leverage prediction market platform Space has sparked serious controversy. The project's previously announced fundraising target was $2.5 million, but the actual amount raised reached as high as $20 million. In response to community concerns about the oversubscription, the project team unilaterally redefined the rules, arguing that $2.5 million was merely a "soft cap" rather than a "hard cap," and announced that they would only refund $7.3 million, forcibly retaining the majority of the excess funds.

The team further defended this by stating that the originally planned amount could only sustain operations for a few months and was insufficient to support the years of infrastructure development needed for the leverage prediction market. This behavior of arbitrarily changing the fundraising cap after the fundraising was completed, deviating from the initial commitment, has been widely condemned by the community as lacking in contractual spirit and disregarding investors' rights.