2018-7-10 15:06 |
Li announced his resignation on his Weibo account on Monday night, saying he made the decision in order to preserve the reputation of the government-backed blockchain investment fund launched in April of this year.
He wrote:
“The series of defamations from Chen Weixing against myself has brought material and negative impacts on the reputation of Xiong’An Blockchain Fund.
… To let the Hangzhou government continue its push for blockchain development, I will resign from my role as a managing partner.”
He further questioned the legality of the Xiong’An Blockchain Fund, asking whether the local government has indeed allocated the apparently promised 30 percent of the funds.
He went on to say that Chen has no knowledge of blockchain and can only make his name by defaming others.
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