Ant Group Reportedly Plans Withdrawal from $100 Million Crypto Venture A&T Capital

Crypto News
Crypto News

18 Sep 2023 11:47 AM

The Chinese fintech giant Ant Group is in the process of withdrawing its investment from the $100 million A&T Capital fund that was set up to invest in offshore crypto projects. Read on to learn more....

  • Ant Group is withdrawing its investment from the $100 million A&T Capital fund, which was set up to invest in offshore crypto projects.
  • A&T Capital has invested in several crypto startups, including Matrixport and ConsenSys.
  • The withdrawal follows the resignation of A&T's founding partner, Yu Jun, who was accused of sexual harassment.
  • The fate of A&T Capital is uncertain, and it is unclear if the venture firm will continue to operate independently or seek new investors.
  • The decision to exit the crypto venture comes at a time when the cryptocurrency industry is facing challenges and a decline in funding.

The article highlights the withdrawal of Ant Group's investment from A&T Capital, which suggests a negative sentiment. The mention of sexual harassment allegations and the uncertain future of A&T Capital further contribute to the negative sentiment.

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You May Ask

Why is Ant Group withdrawing its investment from A&T Capital?What role did A&T Capital play in Ant Group's foray into the crypto space?What are some of the crypto startups that A&T Capital has invested in?Will A&T Capital continue to operate independently after Ant Group's withdrawal?How has the cryptocurrency industry been performing in terms of funding?

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