Li Bojie responds to allegations of "taking money and going missing": Investment funds not fully received, resignation approved by the board of directors.

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July 7 news, former investor and co-founder of Web3 venture capital institution ABCDE, Du Jun, accused Li Bojie and his partner Zhuang Siyuan of refusing to fulfill the contractual obligations to synchronize financial and business progress after receiving investment from ABCDE during the founding of Metagent in 2024, and then directly going missing and absconding. Du Jun stated that he could accept various failures of the project, but could not accept the fraudulent behavior of the founder taking the money and running away.
In response, Li Bojie said that according to the investment agreement, ABCDE Capital's investment amount was $1.5 million, but only $500k was actually received, with the remaining $1 million never arriving; the company's cap table still records the institution's equity based on the $1.5 million share. Due to the delayed arrival of the investment funds, he and his co-founder voluntarily reduced their salaries, and the company also faced difficulties in recruitment and R&D.
In October 2024, due to personal family reasons, he could not leave mainland China, and since the Web3 project was non-compliant, he resigned from Metagent with the board's approval. He stated that until his resignation, as CTO and co-founder, he had always fulfilled his responsibilities of disclosing the cap table and business status on schedule, and in accordance with the non-compete clause in the agreement, his subsequent entrepreneurial projects intentionally avoided areas such as Web3, AI infrastructure, and image generation.
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