|

Zanzibar police probe crypto exec Joe McCann after fiancée’s death

Police in Zanzibar are reportedly holding Joe McCann, a crypto trader and the founder of the crypto fund Asymmetric, for questioning after his fiancée died while the pair were on vacation.

McCann’s fiancée, Ashly Robinson, 31, died in hospital on April 9 after she was found a day earlier by staff at a hotel where the couple was staying, NBC News reported Thursday, citing a statement from Tanzanian police.

Police ruled Robinson’s death a suicide but said they are still questioning McCann. CBS News reported that police are holding McCann’s passport until autopsy results are complete.

Police said hotel staff told them the pair had a “misunderstanding” and had been separated, with McCann moved to a different room.

Chart

Joe McCann (pictured) is the founder of the crypto hedge fund Asymmetric. Source: Asymmetric Financial

A hotel staffer reportedly later found Robinson unresponsive in her room with a belt around her neck and alerted management, where she was taken to the hospital.

Robinson’s family has disputed that account, with her sister, Alyssa Endres, telling NBC that “none of this makes sense” and that Robinson was happy after celebrating her birthday and engagement to McCann, which happened only days before her death.

McCann is the founder of the crypto venture and hedge fund Asymmetric, which changed its trading strategy in July after backlash from investors due to underperformance amid a prolonged period of crypto market volatility.

A plan to take a Solana treasury company, which McCann would lead, public in a merger deal was reportedly called off in August for unknown reasons. It came just weeks after McCann said his fund had lost 80% so far that year.

McCann could not be reached for comment.

Author

Cointelegraph Team

Cointelegraph Team

Cointelegraph

We are privileged enough to work with the best and brightest in Bitcoin.

More from Cointelegraph Team
Share:

Editor's Picks

Crypto Today: Bitcoin, Ethereum, XRP recovery slows amid incessant capital outflows

The cryptocurrency remains in a broader corrective bias on Friday, despite majors such as Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) holding slightly higher than early-week support levels.

Cardano: Whale selling, cautious derivatives limit ADA rebound

Cardano is trading near $0.170 at the time of writing on Friday after staging a modest rebound from last week's sharp correction. However, the recovery remains fragile as large holders have resumed reducing their positions, adding fresh selling pressure to ADA.

Experts agree: Bitcoin nears bottom, but weak demand raises doubts

Bitcoin (BTC) is trading above $63,000 at the time of writing on Friday after rebounding from the key 200-week Simple Moving Average (SMA) near $62,000, a level widely viewed as key long-term support.

Pi Network Price Forecast: Bulls attempt comeback as bearish strength fades

Pi Network is trading at around $0.120 on Friday after a modest recovery the previous day. Despite this recent rebound, traders should be cautious as a scheduled unlock of 14.8 million PI tokens on Friday could limit the token's recovery potential by increasing market supply.

Experts agree: Bitcoin nears bottom, but weak demand raises doubts
Bitcoin (BTC) is trading above $63,000 at the time of writing on Friday after rebounding from the key 200-week Simple Moving Average (SMA) near $62,000, a level widely viewed as key long-term support. The recovery may suggest that Bitcoin has found a floor after a sharp correction that spanned more than a month, but some warning signs persist.