**Big turmoil in the crypto world: Inception Capital founder mysteriously lost contact, fund liquidation attracts attention**
Hello everyone! Today we are going to talk about a big news in the crypto world. David Gan, the founder of Inception Capital, has attracted a lot of attention recently! 😲
**Mysteriously lost contact, investors are anxious**
The thing is, as early as May this year, David Gan informed investors by email that he was going abroad to assist in the investigation. Then, a magical thing happened-he just disappeared! Investors waited and waited, but what they got was no news for several months. This made those investors who invested money in him anxious.
**Big boss background, not small fund size**
You know, David Gan is not an ordinary person. He was selected into the Forbes Asia 30 Under 30 list in 2019. He is really young and promising! In 2021, he raised his first $50 million venture fund, and investors include well-known people such as Bill Ackman and Alan Howard. By 2024, he had raised another $30 million in funds. According to documents filed with the U.S. Securities and Exchange Commission (SEC), Inception Capital manages nearly $100 million in assets, which is no small amount.
**Reappearance, fund liquidation storm**
Just at the end of June this year, when investors voted to liquidate the fund, David Gan finally reappeared. He agreed to give up some key responsibilities of the company and said that the team has been serving limited partners (LPs) and investment companies. Gan said in a statement: "The team has served our LPs and investment companies well. Now the fund is operating well, and I have resumed my daily work for several months. From the beginning, everything we did was in the best interests of LPs."
**Future direction, worth paying attention to**
Currently, Inception Capital is working with limited partners to develop a transition strategy. Although things seem to have turned around a little, the future direction is still worth our attention. After all, in the crypto world, any disturbance may trigger a huge chain reaction.
**Welcome to interact and discuss together**
Dear friends, what do you think of this incident? What impact do you think David Gan’s disappearance and reappearance will have on Inception Capital and the entire crypto market?Welcome everyone to speak freely in the comment area and share your views and insights!
This news is really worrying, but it also makes us see the complexity and variability of the crypto world. Looking forward to your wonderful comments!