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.

ChainCatcher message, according to a report by Bloomberg, cryptocurrency exchange Kraken is withdrawing from using Signature Bank for some significant financial transactions. Kraken's non-corporate clients will no longer be able to use Signature for USD deposits or withdrawals. Deposits will be gradually phased out starting March 15, and withdrawals will end on March 30.Previously reported, cryptocurrency derivatives trading platform LedgerX stated that it would no longer use Silvergate Bank to receive domestic wire transfers, but instead would use Signature Bank. Signature indicated in December that it would reduce its exposure to the cryptocurrency industry. (Source link)