I woke up to news about Space (@intodotspace) and my heart sank. Could this boomerang-like event have hit me? Jenny has contacted the Space project team and suggested they provide a public and unified explanation as soon as possible regarding the three most pressing questions in the community: 1. The initial public offering target was $2.5M, and the actual amount raised was $20M. Why does the latest article show the target raised as $14M, with only $6M refunded? 2. Many users have reported not receiving their refunds and have significant questions about the refund amount, batches, and process. 3. About 5 hours ago, USDT and USDC were transferred out of the project wallet, causing concern among many users. Was this for refunds or some other purpose?

We can only wait for the project team's response.

I hope for a happy ending.

Regarding the core questions raised by the community previously compiled by Jeni, Space (@intodotspace) staff have provided an initial response and explanation in the community group, stating that a formal public statement will be released on X later. The key information shared in the group is as follows: 1. The previous fundraising statement used the same terminology as MetaDAO, which may have caused confusion; $2.5 million is a soft cap, not a hard cap; 2. Approximately $7.3 million in refunds have been processed, and more detailed refund information will be released later; 3. The relevant transfers in the wallet are to a dedicated refund wallet for processing refunds. Please refer to the project's official announcement on X for further information. Currently, refunds are in progress, and the relevant transfers are part of the refund process. Regarding the fundraising cap issue, we hope a proper solution can be found in the end.

No credit limit, but I really wanted to apply for one! @AIxC_Official @aixcfoundation

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