Star's Response to Li Feng Debt Dispute: Debt Issue to Be Handled by Legal Means

By: theblockbeats.news|2025/12/07 07:16:01
Share
copy

BlockBeats News, December 7th, Star responded to the topic of "Molecular Thread Co-founder Li Feng borrowing 1500 BTC from Star and not returning it before going missing" in a social media post today, stating, "One cannot always dwell in the shadow of negative history. Looking towards the future, contribute more positive energy. Let the debt issue be handled by the law. Best wishes to every entrepreneur."

BlockBeats reported today that Molecular Thread Co-founder Li Feng was exposed to have been involved in issuing coins and not repaying 1500 BTC.

Previously, the agreement shared by Star showed that, under the guarantee of Hu Zhibin, the two parties renewed the loan agreement. The initial agreement signed on December 17, 2014, expired on December 16, 2016, but "due to personal reasons of Party B requiring an extension of the loan period," a new agreement was signed on March 30, 2017. Li Feng once again defaulted, prompting Star to publicly expose the key issue of the unpaid loan.

You may also like

Holiday Season Markets: Understanding Low Liquidity and Trading Conditions

At WEEX, we recognize that the holiday season often brings a different trading experience for many users. As market participation slows, price behavior can feel less predictable and familiar trading rhythms may shift. For traders following AI news today or using AI trading tools, this period often highlights how market structure can influence model performance and short-term signals. Approaching these periods with clear expectations and a disciplined mindset can help traders better navigate seasonal market conditions.

Crypto Derivatives Volume Skyrockets to $86 trillion in 2025 as Binance Dominates

Key Takeaways Cryptocurrency derivatives volume has surged to an astronomical $86 trillion in 2025, equating to an average…

2025 Token Postmortem: 84% Peak at Launch, High-Cap Project Turns into a "Rug Pull" Epicenter?

The fundraising amount, community size, and exchange endorsement are almost unrelated to token returns, as most projects have experienced a downturn on the day of issuance.

CFTC Welcomes New Chairman, Which Way Will Crypto Regulation Go?

Former head of the SEC's Crypto Task Force Michael Selig Sworn In as CFTC Chairman, U.S. digital asset regulation may shift from "strong enforcement" to "heavy regulation," accelerating coordination with the SEC.

Why Did Market Sentiment Completely Collapse in 2025? Decoding Messari's Ten-Thousand-Word Annual Report

If cryptocurrency is ultimately a form of “money,” then who is worthy of being treated as money?

Coinbase to Acquire The Clearing Company in Prediction Markets Push

Key Takeaways Coinbase is set to acquire The Clearing Company, a prediction markets startup, to expand its product…

Popular coins

Latest Crypto News

Read more