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

On December 7, Star responded on social media to the topic “Moore Threads co-founder Li Feng borrowed 1,500 BTC from Star and failed to return it, then lost contact,” stating, “One cannot remain in the shadow of negative history forever. Looking forward, let’s contribute more positive energy. Debt issues should be handled by the law. Best wishes to every entrepreneur.” According to a BlockBeats report today, Moore Threads co-founder Li Feng was exposed for allegedly issuing tokens and failing to return 1,500 BTC. Previously, an agreement shared by Star showed that, under the guarantee of Hu Zhibin, the two parties renewed the loan agreement. The first agreement was signed on December 17, 2014, and was set to expire on December 16, 2016, but “due to personal reasons of Party B, the loan period needed to be extended,” so a new agreement was signed on March 30, 2017. Li Feng defaulted again, which became the key reason Star decided to make the unpaid loan public.