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Chinese bitcoin tycoon’s negative statements about big names in crypto leaked into the media

A recording of a famous Chinese crypto investor named Li Xiaolai has been leaked by someone, and on that he outspokenly named many big names in the crypto space as “cheaters”. This leaking has caused a tremendous stir in the China crypto space.

Although many in the English speaking world may not have heard of him, in China he’s a big deal by his own admission. In an interview with a local publication, he had revealed that he once held a six-figure sum of bitcoins and is the investor rather than a co-founder of the record-breaking ICO,EOS.

Li has mentioned a couple of big names in his recording, saying Zhao Changpeng, founder & CEO of Binance, has black history like Xu Mingxing who is a founder of domestic bitcoin exchange OK Group.

Of the Binance founder, Li said “Zhao is poor at technology”.

When talking about Justin Sun, founder of TRON, one of the largest blockchain-based operating systems in the world, Li affirmed, “Sun is a ‘cheater’, yet many sensible people felt embarrassed to expose his fraud in case of being scolded.”

Besides, Li has disclosed Shuai Chu, Founder & CEO of Qtum, a decentralized and open-source smart contracts platform and value transfer protocol. He said Shuai Chu initially is committed to coins made of air.

Interestingly, six months ago, Li had also helped Shuai to sell ‘coins made of air’. Taking this into account, Li said Shuai is very prone to cheating investors.

Additionally, “Many idiots think wrong, on the contrary, the umbrella is China’s national policies which enable us to be qualified to do something,” Li noted.

It is unclear by now, whether this information leak will have any repercussions in the form of lawsuits against Li Xiaolai or not.

This news was provided by sanyanblockchain.com, our partnering media source in China.