Legal Disputes & Arrests Shake Yescoin Community’s Faith

With the growing dispute between the partners of Yescoin, police officials in Shanghai have arrested Zhang Chi, one of the founders of the business. The information about his arrest was 1st posted by the official X handle of Yescoin on March 07, 2025.

The attached copy of the announcement reads that Zhang has been detained by the Shanghai police over the growing disagreement with his business partner Old Wang.

Disagreement and debates resulted in a legal tussle

It is worth noting that the legal tussle is the result of back-to-back disagreements and clashes between Chi and Wang. The Yescoin community sympathized with the founder’s arrest and said the operation would remain unaffected despite his absence.

With this arrest, the community is flooded with mixed arguments, with some questioning the legitimacy of the project and others criticizing its functioning and finances.

However, the exact reason for the dispute is still unclear, this curiosity gave birth to hundreds of speculations and claims, which might have affected the revenue and volume of Yescoin.

It has been reported widely that Yescoin has been delaying its launch for the past several months, and back-to-back delays have raised the eyebrows of experts, terming it an alleged scam or bogus project.

After analysing the social media accounts and other social presence of Yescoin, it is clear to speculate that it has succeeded in deeply penetrating among the newbies and initial crypto investors. In case of a reported scam or any bogus activity in Yescoin, there is a chance of over 5 million users getting affected.

Growing legal tussles might shake investors’ sentiments

Over the past few years, the crypto market has faced hundreds of lawsuits, the growth is hurting the sentiments of investors as well as users. The fading interest might trigger a bearish outlook and is expected to drag the market to lower lows.

According to data from Rootdata(dot)com, the crypto market has raised $4.78 billion in the past 180 days, compared to $6.32 billion earlier. The total was 957, but it has now fallen to 591

On the other hand, the average remains positive with an addition of 17%, and the median is up by 7.44% now at $4.5 million. Yet the funding table is led by infrastructure, followed by centralized finance, others, DeFi, and Games.

Experts speculate that the crypto sector’s funding is expected to grow in the upcoming quarter as the market is expecting a few good sets of rules favoring the growth and development of digital assets.

Nowadays, the cryptocurrency market is entirely dependent on surprise and positive decisions, including speculations to acquire a more improved growth legalization of crypto in developed nations, which has become a mandatory part.

The inclination of nations is expected to revive the growth of the crypto market, yet Bitcoin has been still trading below $90k, and Ether at $2,100 also, the market capitalization is falling freely