In 2014, Star signed a borrowing agreement with Li Feng, borrowing 1500 units of $BTC from Li Feng. The agreement, signed on December 17, 2014, stipulated that the repayment deadline was before December 16, 2016. Later, due to personal reasons, Li Feng needed to extend the borrowing period, so on March 30, 2017, the agreement was renewed, extending the borrowing period to December 31, 2017.
In 2018, Star posted on social media saying that Li Feng had not returned the borrowed amount on time and had gone missing. Legal proceedings were initiated in both China and the United States to apply for asset preservation. Until now, there has been no clear outcome.
As for why this old matter is being brought up again, it is because Moore Threads is set to debut on the Chinese Sci-Tech Innovation Board on December 5, 2025, and the identity of being the first domestic GPU stock, along with a surge in stock price on its first trading day, has attracted significant attention. Coincidentally, this Li Feng is said to be a co-founder of Moore Threads, which has led to scrutiny over the matter of making money but not repaying it. However, Li Feng's name does not appear in the current list of senior management personnel at Moore Threads.
