Yili Hua: Currently, project parties in the market lack a spirit of contract, which constitutes a credibility risk; trading platforms should focus on examination

Liquid Capital founder Yi Lihua stated that there is currently a "fatal" problem in the cryptocurrency industry, which is that some projects lack a spirit of contract, resulting in situations where users cannot withdraw their BTC after depositing, arbitrary deductions of investors' assets, and forced modifications of terms.

He believes that such behaviors pose indiscriminate credibility risks to VCs, KOLs, and secondary market investors, and suggests that trading platforms incorporate the credibility of project parties as a key assessment indicator.

In the traditional stock market, companies involved in fraud typically face penalties or delisting rules. He mentioned that he is actively seeking secondary market projects that are profitable, capable of buybacks, and have credibility, and welcomes relevant projects or investors to communicate via private messages or to meet in person in Singapore soon.