Network School, a co-living community founded by former Coinbase Chief Technology Officer Balaji Srinivasan, is under investigation by authorities in Johor, Malaysia, according to Techub News, citing the South China Morning Post. Srinivasan said additional investment has been paused for now, and capital could be withdrawn depending on the outcome of talks with local officials. The probe followed online allegations that Israeli individuals were involved in the project and had entered the country using second passports. The episode has also drawn attention to questions around Malaysia's openness to technology talent. The project team is now in communication with authorities, and any follow-up investment decision will hinge on the results of those discussions.
Network School, a co-living community founded by former Coinbase Chief Technology Officer Balaji Srinivasan, is being investigated by authorities in Johor, Malaysia, according to Techub News, which cited the South China Morning Post.
Additional investment has been paused
Srinivasan said further investment has been put on hold. He also said the funds could be pulled depending on the outcome of talks with the authorities.
What triggered the investigation
The investigation followed online allegations that Israeli individuals were involved in the project and had entered the country using second passports. The incident has raised questions about Malaysia's openness to technology talent. The project team is currently in contact with the authorities, and any next step on investment will depend on the result of those meetings.
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