Yi Lihua: Project teams’ lack of contractual integrity poses reputational risks; trading platforms should strengthen their scrutiny
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AT A GLANCE
Yi Lihua said some crypto projects restrict asset withdrawals and other issues exist, and recommended that trading platforms closely examine project-team reputation.
Article
Yi Lihua: Current market project teams’ lack of contractual integrity poses reputational risks; trading platforms should examine this closely
BlockBeats reports,October 6，Liquid Capital founder Yi Lihua wrote that the crypto industry currently faces another “fatal” problem: some projects lack contractual integrity, with cases where users deposit BTC but are later unable to withdraw, investors’ assets are deducted arbitrarily, and terms are forcibly amended.
He believes such conduct will expose VC、KOL and secondary-market investors to indiscriminate reputational risks, and recommends that trading platforms make project-team reputation a key evaluation metric.
In traditional stock markets, companies involved in fraud typically face penalties or delisting rules. He said he is recently seeking secondary-market projects that are profitable, capable of buybacks, and reputable, and stated
Original link https://m.theblockbeats.info/flash/370375
Key points
01
BlockBeats reports that October 6，Liquid Capital founder Yi Lihua wrote about contractual-integrity issues involving some crypto projects.
02
Yi Lihua said there are cases where users deposit BTC but are later unable to withdraw, investors’ assets are deducted arbitrarily, and terms are forcibly amended.
03
Yi Lihua believes such conduct will expose VC、KOL and secondary-market investors to indiscriminate reputational risks.
04
Yi Lihua recommends that trading platforms make project-team reputation a key evaluation metric.
05
Yi Lihua said he has recently been seeking secondary-market projects that are profitable, capable of buybacks, and reputable, and welcomed relevant projects or investors to contact him privately or meet in person in Singapore in the near future.
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
This is a public view on project-team reputation issues in the crypto industry expressed by the founder of an investment institution. He mentioned several types of conduct that could harm investors’ rights and interests, and advocated that trading platforms pay attention to whether project teams honor their commitments when evaluating projects. The article does not identify any specific projects, so these matters can currently only be regarded as general statements.
Why it matters to readers
If a project team cannot allow users to withdraw assets as agreed, deducts assets arbitrarily, or forces changes to the terms, investors may face the risk of sudden changes to their assets and the rules. Whether trading platforms review project-team reputation may also affect which projects users encounter.
Before depositing assets or participating in a project, newcomers should pay attention to withdrawal rules, mechanisms for amending terms, and the project team’s reputation; this article provides a risk reminder, not a verified conclusion about any specific project.
Risks and unknowns
The article does not list any specific projects involved in the relevant conduct.
The article does not provide verifiable withdrawal records, deduction records, contracts, or materials concerning amended terms.
The relevant general allegations cannot be confirmed based on this article alone.
It remains unclear whether trading platforms will adopt this recommendation.
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Related concepts
BTC
The abbreviation commonly used for Bitcoin when referring to it as a digital currency.
