Oobit: Tether’s newest investment, led by former Israeli special forces
Tether, the self-described “largest company in the cryptocurrency industry,” recently led a $25 million Series A investment round in Oobit. Tether was joined in this investment by Anatoly Yakovenko, the co-founder of Solana, as well as CMCC and 468 Capital. Oobit is a Lithuania-registered firm that lists a contact address in Singapore, and is led by chief executive Amram Adar. Adar’s LinkedIn reveals that before his role at Oobit, he served in the Israeli navy special forces , and appears to still be based out of Tel Aviv. Adar also worked with Oobit chief operating officer Aharon Miller at WaveTech, which appears to have been an Israeli headquartered blockchain development firm. Oobit chairman Moshe Schlisser is also a managing partner at Shefa Capital and was also an investor in Cross River Bank, which previously announced its transition to a ‘crypto-first’ strategy. Schlisser is also a director for Yourasset AG, a Swiss firm that enables you to ...