Star responds to debt dispute with Li Feng: debt issues will be handled by law

BlockBeats News, December 7th—Star responded today on social media to the topic of “Moore Threads co-founder Li Feng borrowing 1,500 BTC from Star and not returning it, then losing contact,” stating, “People cannot always remain in the shadow of negative history. Looking to the future, let’s contribute more positive energy. Let legal means handle debt issues. Best wishes to every entrepreneur.” According to a BlockBeats report today, Moore Threads co-founder Li Feng was exposed for being involved in token issuance and failing to repay 1,500 BTC. Previously, agreements shown by Star indicated that, under the guarantee of Hu Zhibin, the two parties renewed their borrowing agreement. The first agreement was signed on December 17, 2014, and was due on December 16, 2016, but “due to personal reasons of Party B, the borrowing period needed to be extended,” so the agreement was renewed on March 30, 2017. However, Li Feng defaulted again, which became the key reason why Star decided to make the unpaid borrowing public.