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

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.