Moore Thread Joint Creation Li Feng was exposed to have been involved in issuing coins and owing 1500 BTC without repayment BlockBeats news, on December 7th, according to Foresight News, the "first domestic GPU stock", Moore Thread, surged nearly 470% on its first day of listing on the Science and Technology Innovation Board on December 5th, with a market value exceeding 300 billion yuan, igniting the market. It made a net profit of 267000 yuan from winning a new contract, and investors such as Tencent and ByteDance received returns of over 35 times, with some institutions reporting returns as high as 6200 times. But behind the madness, the controversy in the cryptocurrency circle involving its co-founder Li Feng has been dug up again. The old story of Li Feng's cryptocurrency circle reappears: In 2017, he and Li Xiaolai launched the absurd project "MGD" with exaggerated white papers and a lot of fictitious team backgrounds, but still completed fundraising during the ICO boom, raising a total of 5000 ETH. The project party has promised to allocate 25% for research and development, while the use of the remaining funds is unclear. After being summoned by regulators due to name sensitivity, the project was renamed as "Alpaca Coin". More serious accusation: In 2018, OKX founder Star accused Li Feng of borrowing 1500 BTC but not returning it and "losing contact". At that time, it was worth about 10 million US dollars, and at current prices, it has risen to about 135 million US dollars. Star claimed to have filed a lawsuit in China and the United States, but due to issues with the definition and enforcement of virtual assets, the debt collection was ultimately unsuccessful. The agreement posted by Star shows that with the guarantee of Hu Zhibin, the two renewed the currency borrowing agreement. The initial agreement was signed on December 17, 2014 and expired on December 16, 2016, but due to personal reasons of Party B, the loan period needed to be extended. Therefore, a new agreement was signed on March 30, 2017. And Li Feng's breach of contract once again became the key factor in Star's decision to publicly disclose its borrowing of currency.