Two Sigma executive Wu Jian has been charged by the U.S. SEC and Department of Justice with telecom fraud, securities fraud, and money laundering, each carrying a potential 20-year sentence. Prosecutors suggest potential internal control weaknesses at Two Sigma. The firm, active in the crypto sector, has invested in platforms like Crossover Markets and C3. This week, its venture capital arm raised $400 million for two new funds targeting early-stage projects in crypto, DeFi, and fintech.