Srinivasan, a former Coinbase senior executive, said Malaysian officials had inspected "hundreds of passports" at Network School, his nearly US$25 million development in southern Johor state, after unsubstantiated online allegations it was flouting immigration rules.
"The authorities confirmed... that all travel documents were in order," Srinivasan posted on X on Thursday, adding that "at this point, all further investment we were planning to make in Malaysia is on hold until we get sufficient assurance that such issues won't recur."
Balaji Srinivasan, former C.T.O. of Coinbase speaks during the SALT conference in Manhattan, New York City, U.S., Sept. 14, 2022. Photo by Reuters
The claims against Network School said it was allowing Israelis with dual citizenship to work there, despite Malaysia not recognizing Israel.
Authorities said on Wednesday there was no evidence of any Israeli citizens living or working at Network School, a residential campus for startup founders, software engineers, investors and digital entrepreneurs.
