Bitcoin Debt Fallout: Star Claims 1500 BTC Loan Default by Molecular Thread Co-founder Li Feng
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In a December 7 update, COINOTAG News reported that Star addressed questions about a 1500 BTC loan tied to Molecular Thread co-founder Li Feng. The post urged a forward‑looking stance, stated that debt matters should be settled through the law, and wished success to other entrepreneurs.
COINOTAG described Li Feng’s alleged involvement in coin issuance and the failure to repay the 1500 BTC, highlighting ongoing crypto governance concerns surrounding Molecular Thread.
Regarding the loan terms, the initial agreement dated December 17, 2014 expired on December 16, 2016, with a renewal on March 30, 2017 to accommodate personal reasons of Party B. The arrangement, guaranteed by Hu Zhibin, saw Li Feng default again, prompting Star to publicly expose the unpaid loan.