MoonPay insiders cash out $150M during Series A raise, including CEO Ivan Soto-Wright

MoonPay's co-founder and CEO Ivan Soto-Wright was among the insiders who received $150 million during the crypto payment startup's Series A raise in November 2021, according to an anonymous source cited by The Information. The Series A saw MoonPay raise $555 million at a valuation of $3.4 billion, with investors such as Tiger Global Management and Coatue Management participating. However, some of the funds were used to buy shares from existing shareholders like Soto-Wright. Following the funding round, Soto-Wright purchased a $38 million mansion in Miami, which he has used to host lavish parties.

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