BlockNews
FOLLOW ON X
  • BITCOIN
  • CRYPTO
    • ETHEREUM
    • RIPPLE XRP
    • SOLANA
    • CARDANO
    • BINANCE BNB
    • DOGECOIN
    • TRON
    • SUI
    • CHAINLINK
    • LITECOIN
  • FINANCE
  • POLITICS
  • MEMECOINS
  • NFT
  • OPINION
No Result
View All Result
BlockNews
  • BITCOIN
  • CRYPTO
    • ETHEREUM
    • RIPPLE XRP
    • SOLANA
    • CARDANO
    • BINANCE BNB
    • DOGECOIN
    • TRON
    • SUI
    • CHAINLINK
    • LITECOIN
  • FINANCE
  • POLITICS
  • MEMECOINS
  • NFT
  • OPINION
No Result
View All Result
BlockNews
Home BUSINESS

Ant Group Announces Plans to Pull Out of $100 Million Crypto Venture A&T Capital

BlockNews Team by BlockNews Team
September 20, 2023
in BUSINESS, CRYPTO, FINANCE
Reading Time: 3 mins read
1
SHARES
12
VIEWS
Share on XShare in TelegramShare on Reddit
  • Ant Group is withdrawing a $100 million investment in A&T Capital’s blockchain fund due to an investigation into the fund’s founders. 
  • A&T Capital’s future remains uncertain as crypto venture capital funding falls in favor of AI, reflecting Ant Group’s shifting ambitions.
  • Ant Group’s interest in blockchain may decline because of the dominance of renminbi-based fintech services and China’s concentration on digital currency.

In a recent development, Ant Group, a Chinese financial technology company, apparently opted to sell its $100 million investment in A&T Capital, signifying a withdrawal from the risky cryptocurrency market.

These reports come just a few months after A&T founding partner Yu Jun resigned after being probed for workplace misbehavior while working as an executive at A&T Capital.

Ant Group to Leave A&T Capital

A&T Capital was founded in 2021 and has since become a prominent player in the cryptocurrency market, investing in companies such as digital asset lender Matrixport and Ethereum software company ConsenSys.

Ant Group, founded by Alibaba owner and Chinese magnate Jack Ma, is reportedly withdrawing from the $100 million fund at a time when the crypto venture capital market is facing a steep decline. According to data, crypto startup funding fell to its lowest level since 2020 in the second quarter.

These recent reports cast doubt on A&T Capital’s future, as it is unclear whether it will require a new investor or be able to continue operations. According to rumors, A&T Capital’s website has a timed-out issue as of September 18, adding to the confusion.

The Ant Group move comes just six months after Yu Jun resigned from A&T Capital. Yu Jun was a key figure in establishing A&T, even significantly contributing to the network’s efforts to grow offshore. The crypto KOL and former OKX executive resigned from A&T Capital after sexual assault charges were made against him.

According to sources, both government watchdogs and A&T Capital’s team have been investigating the ex-executive for alleged sexual misconduct, primarily at A&T Capital, since 2022.

Ant’s Latest Developments: The AI Race

The emerging reports are just the latest in Ant Group’s recent developments, as the company wants to make significant advancements in financial AI while appearing to take a step back in crypto.

On September 8, Chinese financial behemoth Ant Group launched a finance-specific AI model and began testing for consumer and professional applications. 

This was Ant Group’s entry into the competitive AI realm, with over 130 other Chinese companies launching comparable ideas.

According to reports, cryptocurrency investment has suddenly dried up despite venture capitalists continuing to flock to artificial intelligence since 2020. As a result, AI investment has significantly grown over the same period.

Disclaimer: BlockNews provides independent reporting on crypto, blockchain, and digital finance. All content is for informational purposes only and does not constitute financial advice. Readers should do their own research before making investment decisions. Some articles may use AI tools to assist in drafting, but every piece is reviewed and edited by our editorial team of experienced crypto writers and analysts before publication.
Tags: A&T CapitalAnt Group
TweetShareShare
BlockNews Team

BlockNews Team

DON'T MISS THESE! HOT OFF THE PRESS

Market Summary: What Happened in Crypto Today?
CRYPTO

Market Summary: What Happened in Crypto Today?

September 3, 2025
Fat-Finger Error Dumps Pump Fun Streamer Coin 99%, Then Surges 10,000%? Here is What Happened
CRYPTO

Fat-Finger Error Dumps Pump Fun Streamer Coin 99%, Then Surges 10,000%? Here is What Happened

September 3, 2025
Solana Memecoin TROLL Acquires IP Rights to Trollface Meme: Here is Why This is Game Changing
CRYPTO

Solana Memecoin TROLL Acquires IP Rights to Trollface Meme: Here is Why This is Game Changing

September 3, 2025
Flipping Memecoins: Can It Really Be a Full-Time Job?
CRYPTO

Flipping Memecoins: Can It Really Be a Full-Time Job?

September 3, 2025
Fed Signals Multiple Rate Cuts Coming in 2025: Here is Why
BUSINESS

Fed Signals Multiple Rate Cuts Coming in 2025: Here is Why

September 3, 2025
Trump-backed ‘American Bitcoin’ Stock Trading Halted After Explosive Opening: Here is What Happened
BITCOIN

Trump-backed ‘American Bitcoin’ Stock Trading Halted After Explosive Opening: Here is What Happened

September 3, 2025
Load More

Related News

Market Summary: What Happened in Crypto Today?

Market Summary: What Happened in Crypto Today?

September 3, 2025
Fat-Finger Error Dumps Pump Fun Streamer Coin 99%, Then Surges 10,000%? Here is What Happened

Fat-Finger Error Dumps Pump Fun Streamer Coin 99%, Then Surges 10,000%? Here is What Happened

September 3, 2025
Solana Memecoin TROLL Acquires IP Rights to Trollface Meme: Here is Why This is Game Changing

Solana Memecoin TROLL Acquires IP Rights to Trollface Meme: Here is Why This is Game Changing

September 3, 2025
Flipping Memecoins: Can It Really Be a Full-Time Job?

Flipping Memecoins: Can It Really Be a Full-Time Job?

September 3, 2025
Fed Signals Multiple Rate Cuts Coming in 2025: Here is Why

Fed Signals Multiple Rate Cuts Coming in 2025: Here is Why

September 3, 2025
Twitter Telegram Threads

BLOCKNEWS.COM

BlockNews is your premier source for real-time cryptocurrency, blockchain, political and financial market news.

Stay ahead of the herd with BlockNews

RESOURCES

  • About Us
  • Contact Us
  • Editorial Policies
  • Terms and Conditions
  • Privacy Policy
  • Sitemap

DISCLOSURES AND POLICIES

BlockNews provides independent reporting on crypto, blockchain, and digital finance. Content is for informational purposes only and does not constitute financial advice. Sponsored material is always disclosed. By using this site, you agree to our Terms and Conditions and Privacy Policy.

© 2025 BlockNews

No Result
View All Result
  • HOME
  • BITCOIN
  • CRYPTO
    • ETHEREUM
    • RIPPLE XRP
    • SOLANA
    • CARDANO
    • BINANCE BNB
    • DOGECOIN
    • TRON
    • LITECOIN
    • CHAINLINK
    • SUI
  • MEMECOINS
  • POLITICS
  • FINANCE
  • NFT
  • DEFI
  • GUIDES

© 2025 BlockNews