Svmuu News: In response to Du Jun, co-founder of Web3 venture capital firm ABCDE, publicly accusing Li Bojie of lacking a spirit of contractual integrity and alleging that Li Bojie and his partner Zhuang Siyuan, while founding Metagent in 2024, refused to fulfill their contractual obligations to share financial and business progress updates after receiving investment from ABCDE, and subsequently went missing without a trace, Li Bojie responded by stating, “The investment agreement specified that ABCDE Capital would invest $1.5 million, but only $500,000 was actually received; the remaining $1 million was never disbursed. However, the firm’s equity stake is still recorded as $1.5 million in the company’s cap table. Due to the prolonged delay in receiving the investment funds, both he and the co-founder voluntarily reduced their salaries, and the company faced difficulties in recruitment and R&D. In October 2024, unable to leave mainland China due to personal and family reasons, and given that the Web3 project was non-compliant, he resigned from Metagent with the board’s approval. He stated that, up until his departure, he had consistently fulfilled his duties as CTO and co-founder to disclose the cap table and business status on a regular basis. In accordance with the non-compete clause in his agreement, he intends to avoid the Web3, AI infrastructure, and image generation sectors in his future startup projects. "