A&T Capital Forms Team to Probe Sexual Harassment Allegations
A&T Capital, a cryptocurrency investment fund backed by Alipay, has announced the formation of an independent investigation team to look into allegations of rape and sexual harassment made against its founding partner, Jun YU. Two women, including a former intern at the company, have accused YU of sexual misconduct. Several other women, including current and former employees at A&T Capital, have also come forward with similar allegations against YU.
— A&T Capital (@AT_Capital2021) March 26, 2023
Jun YU Resigns from A&T Capital amid Sexual Harassment Claims
Initially, YU dismissed the allegations as mere speculation. However, he later withdrew that statement. Neither A&T Capital nor OKX Investment, where YU previously served as CEO, has commented on the matter as of yet. According to OKX’s response, YU worked for OK Capital from March 2018 to July 2019, and during that time, no reports of misconduct were received. OKX maintains a zero-tolerance policy against sexual harassment. It has pledged to take appropriate action if any such conduct is discovered.
A&T Capital has clarified that YU no longer represents or engages with the company, having resigned. Additionally, he has not responded to the allegations of sexual assault.
The formation of an independent investigation team underscores A&T Capital’s commitment to ensuring a safe and respectful workplace for all employees. The team will conduct a thorough and impartial investigation into the allegations and recommend appropriate action based on the findings.
Alipay Expresses Concern over Sexual Harassment Claims Against A&T Capital’s Founder
Alipay, one of the largest mobile payment platforms in the world, has invested in A&T Capital and expressed its concern over the allegations. In a statement, Alipay said that it firmly opposes any form of sexual harassment and assault and expects A&T Capital to handle the matter seriously, investigate thoroughly, and take appropriate measures.
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The allegations against YU and the subsequent investigation highlight the need for companies to have robust policies and procedures in place to prevent and address sexual harassment in the workplace. Such misconduct not only harms the victims but also undermines the integrity and reputation of the company.
A&T Capital’s decision to establish an independent investigation team to probe the allegations of sexual harassment against its founding partner, Jun YU, is a welcome step toward addressing the issue. All companies need to take allegations of sexual misconduct seriously. They should take appropriate action to ensure a safe and respectful workplace for all employees.
