Chen Weixing: The blockchain industry is everywhere an untrustworthy asset, an untrustworthy exchange.

On the afternoon of July 8, Chen Weixing, founder of Pancheng Capital, said on Weibo that “the blockchain industry is full of untrustworthy assets, untrustworthy exchanges, and dishonest stories. It breeds a number of risk preferences and resolutions. Self-interested traders who are gradually strengthening and accumulating their original wealth have also smashed the market, making amaranth and sickle more and more eager for "integrity." The process of natural evolution is so cruel and tenacious."