Wednesday, September 27, 2023

Chinese language Crypto Exec Quits Agency Amidst Sexual Harrasment Probe

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A&T Capital’s founding accomplice Yu Jun reportedly resigned from his place earlier this month. Whereas the crypto fund cited “private points” as the rationale, Jun has kept away from commenting on the matter.

In keeping with a press release to Bloomberg, A&T Capital stated that Jun, a veteran in China’s crypto investor group, is now not concerned with the corporate’s operations.

  • Jun was an funding director of Ant and assisted the Jack Ma-backed fintech empire to determine A&T Capital, which has been investing in offshore crypto tasks since 2014. The exec had beforehand labored at OKX Funding as effectively.
  • Nevertheless, a number of ladies took to social media over the previous week to accuse Jun of sexual harassment sparking widespread outrage amongst Chinese language crypto buyers and builders.
  • The report means that one other accomplice, Jasmine Zhang, will likely be in control of a probe into Jun’s habits, whereas A&T Capital stated it’s going to cooperate with the authorities on the matter.
  • An Ant spokesperson confirmed that the matter is below police investigation and added that the corporate doesn’t “tolerate any habits that violates the legal guidelines, rules or its moral codes.”
  • Regardless of not commenting immediately on the whole occasion, Binance co-founder and chief advertising officer Yi He tweeted,

“What deserves our consideration is how ladies ought to reply to harassment within the office competitors in a patriarchal society.”


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