LD Capital founder says exchanges should prioritize project credibility

Jack Yi, founder of crypto-focused investment firm LD Capital, argued exchanges should make project credibility a key listing review criterion. Tagging Binance co-founders Changpeng Zhao and He Yi in an X post, Yi said many projects fail to honor commitments by blocking withdrawals of users’ deposited BTC, arbitrarily deducting investors’ tokens, or forcing changes to terms and conditions, creating trust risks for venture capital firms, key opinion leaders, and secondary-market investors alike. Yi added that in traditional stock markets, companies involved in fraud face penalties or delisting rules. Yi also said LD Capital has recently been actively seeking listed token projects that are profitable, capable of buying back tokens, and highly credible.