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A loan agreement from 2014 has recently resurfaced.
Back then, Star lent 1,500 BTC to Li Feng. The agreement was signed on December 17, stating the loan should be repaid by December 16, 2016. However, something happened on Li Feng's end, and in March 2017 they renewed the contract, extending the deadline to the end of 2017.
And then? By 2018, Star publicly posted in their WeChat Moments that Li Feng had lost contact and the money hadn't been repaid. Legal proceedings were initiated in both China and the US to apply for asset preservation. This matter has dragged on for years with no clear resolution to this day.
Why has this issue suddenly come up again? Because Moore Threads went public on the STAR Market on December 5, 2025—the first domestic GPU stock in China—which surged on its first trading day and became a hot topic. The public says this Li Feng is one of Moore Threads' co-founders, prompting people to dig deeper: If he's made money, why hasn't he repaid his debt?
Interestingly, after thoroughly checking Moore Threads' current executive list, Li Feng's name is nowhere to be found. The situation is becoming increasingly mysterious.