According to TechFlame, on September 16, according to Caixin, Wu Jian, a Two Sigma executive who published an annual income of 23.5 million US dollars (about 167 million yuan) in Xiaohongshu, is now facing both civil and criminal charges from the US Securities and Exchange Commission (SEC) and the US Department of Justice. He is charged with telecom fraud, securities fraud, and money laundering, each of which is punishable by up to 20 years in prison. On September 11, 2025, New York Southern District Attorney Jay Clayton (Jay Clayton) and Christopher G. Raia (Christopher G.Raia), Assistant Director of the New York Field Office of the Federal Bureau of Investigation (

FBI), announced that they would prosecute Wu Jian.

According to disclosed information, Two Sigma has internal controls or loopholes. In addition, the fund also has multiple investments in the cryptocurrency sector, including participating in the digital asset trading company Crossover Markets and leading the crypto trading platform C3. This week, its venture capital division, Two Sigma Ventures, raised 400 million US dollars for two new funds and will invest in early-stage crypto and DeFi companies, software-as-a-service and fintech companies.