A business dispute between Yescoin founder Zhang Chi, also known as Zoroo, and his partner, Wang Mouxin (OldWang), has escalated into a criminal case, leading to Zhang’s detention by Shanghai police. The shocking development has rattled the Yescoin community, raising concerns about the project’s stability and future within the Telegram Open Network (TON) ecosystem.
Yescoin, a mini-game project built within the TON blockchain, has gained traction for its innovative approach to integrating gaming with decentralized technologies. By offering a blockchain-powered gaming experience, Yescoin attracted a diverse user base of both crypto enthusiasts and casual gamers. However, the latest leadership crisis now threatens to derail the project’s progress.
The internal conflict between Zhang Chi and Wang began as a civil business disagreement but quickly spiraled into criminal allegations, marking a significant shift in the narrative.
The Yescoin team addressed the controversy in an official statement on X:
“What began as a business agreement between partners has now escalated into a criminal case.”
This abrupt shift has left many in the blockchain and gaming sectors questioning whether deeper legal or financial conflicts were at play.
Will Zhang Chi’s Detention Impact Yescoin’s Future?
Despite Zhang’s detention, the Yescoin team has assured users that operations remain unaffected. The platform continues to function, and the team has reiterated its commitment to stability and community trust.
However, concerns linger over whether Zhang’s legal troubles will impact investor confidence. Historically, leadership turmoil in blockchain projects has often led to market volatility, liquidity issues, or even project collapse. The situation could lead to:
- Reduced investor confidence if regulatory scrutiny intensifies.
- Legal battles over project ownership that could disrupt Yescoin’s long-term roadmap.
- Potential leadership restructuring, depending on the severity of Zhang’s case.
A Broader Trend of Regulatory Pressure on Crypto Founders
Zhang Chi’s detention is not an isolated incident it aligns with a growing trend of regulatory actions against crypto entrepreneurs in China and beyond. Governments worldwide are tightening oversight on blockchain projects, especially those operating in legal gray areas.
China, in particular, has shown increasingly strict enforcement against crypto-related ventures, signaling a potential crackdown on decentralized finance and blockchain-based gaming. Zhang’s detention may serve as a cautionary tale for other crypto founders navigating complex legal and business landscapes.
What’s Next for Yescoin?
While the Yescoin team remains committed to keeping the platform operational, much depends on how the legal battle unfolds. If Zhang Chi’s detention leads to further disruptions or legal entanglements, the project may struggle to maintain its momentum.
For now, the blockchain and gaming communities will be watching closely to see if Yescoin can weather the storm—or if this incident marks the beginning of a deeper unraveling.
One thing is clear: The intersection of crypto, gaming, and regulation is becoming increasingly complex, and projects must navigate these challenges with both innovation and legal foresight.
