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The 1 billion USD ETH trust plan was suddenly halted, and 200 million in funds have been returned via the original route.
[Coin World] It has been reported that the 1 billion dollar Ethereum trust plan led by Li Lin and promoted by pros such as Shen Bo, Xiao Feng, and Cai Wensheng has failed.
The 200 million dollars that had already been raised? It has all been returned.
Insiders analyze that this matter has stalled mainly due to two reasons coming together: first, the market has entered a bear market cycle, and the sentiment has cooled down; second, the stock prices of trust companies have recently fallen quite sharply, making the timing inappropriate. As for whether this plan will be restarted? It depends on how the market behaves going forward.