Yi Lihua: The lack of contractual spirit among project parties in the current market constitutes a reputational risk, and trading platforms should focus on examining this.

BlockBeats news, October 6: Liquid Capital founder Yi Lihua posted that the crypto industry still has a "fatal" problem, namely that some projects lack a spirit of contract, with situations such as users being unable to withdraw after depositing BTC, investor assets being arbitrarily deducted, and terms being forcibly modified.

He believes that such behavior brings indiscriminate reputational risk to VCs, KOLs, and secondary market investors, and suggests that trading platforms make project team credibility a key inspection indicator.

In the traditional stock market, companies involved in fraud usually face penalties or delisting rules. He said that recently he has been actively looking for secondary market projects that have profitability, can conduct buybacks, and have credibility, and welcomed relevant projects or investors to communicate via private message, or to meet in person in Singapore soon.