LD Capital’s Yi Li Hua Exits Aster, Citing Missing Founder

Founder of LD Capital Yi Li Hua confirmed that his firm has exited. Its position in Aster after taking a stop loss. He described the decision as regrettable and said the investment team was unable to locate or communicate with the project’s founder. Yi shared the update in a post on X at the start of January. His comments quickly drew attention across Chinese crypto circles. Where Aster had previously been discussed as a potential exchange sector play. The remark about a “missing founder” became the focal point of the discussion. It raised fresh concerns around transparency and leadership accountability in early stage crypto projects.

Concerns Over Governance and Accountability

According to Yi Li Hua, the lack of clear founder engagement made it difficult to justify maintaining exposure to Aster. While he did not provide further operational details. The statement suggested internal governance issues rather than purely market driven losses.

pow选BTC/BCH，公链选ETH，稳定币选WLFI，交易所选BNB，也期待新的一流交易所团队，一定大力投资支持

— JackYi (@Jackyi_ld) January 5, 2026

Soon after the post circulated, Yi removed the original comment and later reposted a shorter version. The revised message focused less on Aster itself and more on his broader investment framework going forward. Market observers noted that the deletion did little to slow discussion. Instead, it amplified scrutiny around how investors assess project leadership. Especially in sectors like exchanges, where trust and execution are critical.

Investment Preferences Shared After Exit

Alongside the Aster update, Yi Li Hua outlined his current sector preferences. He said that within proof-of-work assets. He favors Bitcoin and Bitcoin Cash. For public blockchains, he continues to prefer Ethereum.

In the stablecoin segment, Yi pointed to WLFI as his top choice. For exchange related exposure, he reiterated support for BNB. At the same time, he said he remains open to backing a new exchange project if a “Binance level team” were to emerge. Yi added that if such a project appears, he would be willing to support it aggressively. The comment highlighted both his caution toward existing teams and his continued interest in the exchange sector.

Broader Context From Recent Portfolio Updates

Separate on-chain data shared by market observers. This showed that Yi Li Hua’s broader portfolio has remained largely resilient despite the Aster loss. Most disclosed positions posted gains over the same period, with Aster being the only major underperformer. Earlier updates also showed active position management. Including Ethereum accumulation during late December price weakness. That strategy later brought the ETH position back to break even, according to public wallet tracking data.

Taken together, the episode reflects a familiar pattern in crypto investing. Strong returns in some areas can coexist with sharp losses in others. Especially when governance risks surface unexpectedly. Yi Li Hua’s comments underline a broader message. In volatile markets, leadership clarity and execution matter as much as narratives. Currently, LD Capital appears to be moving on from Aster while keeping capital ready for the next credible opportunity.