Decentralized leveraged prediction market Space has raised $20 million in its latest ICO, significantly surpassing its initial $2.5 million target. The project team clarified that the $2.5 million was a 'soft cap,' allowing for increased fundraising due to strong market demand. They plan to use the funds for development and liquidity, retaining $13 million of the oversubscription. Despite these explanations, the move has sparked controversy, with Ethos CEO Serpin Taxt criticizing the fundraising as potentially malicious, drawing parallels to the Trove project. The incident highlights ongoing concerns about transparency and cap design in ICOs.