Liquid Capital Founder Yi Lihua Says Project Teams’ Lack of Good Faith Is a Reputation Risk

On Oct. 6, BlockBeats reported that Liquid Capital founder Yi Lihua warned about what he called a "fatal" issue still present in the crypto industry: some project teams lack basic contractual integrity. In his post, he cited cases in which users deposited BTC but were unable to withdraw it, investors had assets deducted at will, or participants were forced to accept revised terms. Yi said such conduct creates broad reputation risk that does not stop with the project itself. In his view, the damage can spread across venture capital firms, key opinion leaders, and secondary-market investors alike. He argued that trading platforms should make a project team’s credibility a core item in their review process. He also drew a comparison with the traditional stock market, where companies involved in fraud typically face penalties or delisting rules. Yi added that he has recently been looking for secondary-market projects that are profitable, capable of conducting buybacks, and have a credible track record. He said related projects or investors are welcome to contact him by direct message or meet in Singapore in the near term.