
Photo: Illustrative
Malaysia Forces Closure of Balaji Srinivasan’s Network School
Authorities in Malaysia have ordered the shutdown of Network School, a digital nomad community in Forest City founded by former Coinbase chief technology officer Balaji Srinivasan, after canceling its business license effective July 22.

Authorities in Malaysia have ordered the shutdown of Network School, a digital nomad community in Forest City founded by former Coinbase chief technology officer Balaji Srinivasan, after canceling its business license effective July 22.
Council Cites Licensing Violations
Johor Chief Minister Onn Hafiz Ghazi said the Iskandar Puteri City Council made the call after reviewing inspection reports and enforcement findings, noting that a facility operating for a long time doesn’t mean it always met license conditions.

Immigration Checks Preceded the Move
The order follows earlier immigration inspections that found 266 foreign members had valid travel documents, after online claims alleged the site hosted Israeli nationals unlawfully. Srinivasan had called shutdown reports false, saying the school received two minor notices, one about signage wording and another about a coworking space license, both of which he said would be fixed.
Officials Push for Deeper Investigation
Johor’s government asked immigration, police and home affairs officials to keep investigating possible passport misuse or false identity claims, and called for tighter background checks on organizations operating locally.
Srinivasan started Network School in August 2024 as a live-in hub for digital nomads, charging $1,000 monthly for shared rooms or $2,000 for solo units.
Live market reaction
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.
Start trading
with BloFin today
Up to $500 sign-up bonus and zero-fee trading on your first 30 days.
Buy crypto nowⓘ You will be redirected to BloFin
About the author

8+ years covering crypto markets, macro, and geopolitics. Previously at Decrypt and CoinDesk. Focused on the intersection of digital assets and traditional finance.


