Well, it seems they did, at least according to this source mentioned in TFA https://www.semianalysis.com/p/fungible-dpus-are-dead-carcass-acquired https://www.s

Well, it seems they did, at least according to this source mentioned in TFA https://www.semianalysis.com/p/fungible-dpus-are-dead-carcass-acquired https://www.semianalysis.com/p/fungible-dpus-are-dead-carcas... > ... an unannounced incestuous funding round that had preferred equity and liquidation preferences, which was mostly the founder’s money.