Zhang Chi (also known as Zoroo), the founder of the TON ecosystem project Yescoin and alumnus of Zhejiang University, has been taken into custody by the Shanghai Police. This development is due to a business dispute with his partner Wang Mouxin (Lao Wang), which has turned the dispute into a legal case.
Yescoin’s Announcement
The news emerged via a tweet from the official Yescoin account today March 7, 2025. The tweet, which included a formal announcement, expressed regret over the situation and acknowledge the disturbance caused within the community.
The team conveyed its concern for Zhang Chi and thanked the community for its support through this difficult time.
Details of the Case
According to the announcement, the initial disagreement between the two business partners Zhang Chi and Wang Mouxin intensified, which led to involvement of law enforcement. While the details surrounding the nature of the dispute remains limited, the upgrade to a criminal case suggests a serious escalation.
Yescoin Operations Continue
Despite the founder’s detention, the Yescoin team has made sure and reassure its users that the platform is operating normally without any hiccups.
The team’s statement emphasized their commitment to maintaining operations and expressed gratitude for the community’s understanding and continued support.
The situation is still developing, and further information is expected as the case progresses. Th incident has raised concerns with the Web3 space, highlighting the potential challenges and complexities involved in business partnerships within the cryptocurrency and blockchain sector.
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