Bloomberg: Ant Financial plans to exit its investment in A&T Capital

ChainCatcher news, according to Bloomberg, Ant Financial plans to withdraw from the cryptocurrency sector by pulling out from a $100 million fund. According to insiders, Ant Financial is planning to exit its investment in A&T Capital, and it is currently unclear whether A&T Capital will continue operations or attract new investors.

This move comes a few months after A&T's founding partner Yu Jun resigned, at which time the company began investigating Yu Jun's behavior in the workplace. Former Ant Financial executive Yu Jun helped establish A&T and invested in offshore cryptocurrency projects.

It is reported that A&T was established in April 2021 and had previously invested in several popular crypto startups, including digital asset lending institution Matrixport and Ethereum software manufacturer ConsenSys, with Ant Financial being a major investor in A&T.