According to Gate.io News bot, Blockworks reports that game company Neon Machine is currently facing serious financial issues. The company has not repaid millions of dollars in debt to external vendors. The company has conducted multiple rounds of layoffs, reducing its employee count from a peak of about 100 to the current 12 full-time employees. The company's project token SHRAP has dropped in price by more than 98%, while reports indicate that the co-founder is conducting a token sell-off. It is worth noting that Neon Machine previously received $20 million in funding led by Polychain Capital.

ChainCatcher News, Shrapnel announced that its long-standing legal dispute has made significant progress, the litigation process has entered the final stage, and a settlement or judgment is expected to be reached soon. Affected by this news, its token (SHRAP) market performance is active, and the price quickly rose from 0.01 USDT, reaching a peak of 0.019 USDT during the trading day, an increase of 90%; the current price has fallen back to around 0.015 USDT, with a 24-hour cumulative increase still at 60%.