ChainCatcher news, according to Fortune, in May this year, David Gan, founder of Inception Capital, informed investors that his father was under investigation and had gone to China, after which he went missing for several months.During Gan's absence, the limited partners of Inception Capital voted in favor of a controlled liquidation, continuing to manage their existing investments within the fund's original time frame, but not calling the remaining 25% of capital for its first fund. At the end of June, Gan reappeared and agreed to relinquish control over the fund's multi-signature wallet.Gan also stated that Inception Capital plans to formally propose to LPs in October to continue investing through the company with the remaining 25% of uncalled capital or to opt out. One investor revealed in an interview that they hope Inception Capital can continue to invest.It is reported that in 2019, Gan was selected for the "30 Under 30 Asia" list for his role as Executive Director at Huobi Labs. He left Huobi in 2021 and raised the first $50 million venture capital fund supported by notable figures such as Bill Ackman, Alan Howard, Y Combinator CEO Garry Tan, and Galaxy, and closed a second $30 million parent fund in 2024. According to documents from the U.S. Securities and Exchange Commission, the assets managed by Inception are close to $100 million.