Yi Lihua, the founder of the prominent venture firm Liquid Capital, has issued a public warning regarding a surge in fraudulent activities targeting the cryptocurrency community. On October 14, 2026, the industry leader reported that malicious actors are currently posing as members of his team to contact unsuspecting users, highlighting a growing trend of social engineering attacks within the blockchain ecosystem.
Rise of Impersonation Tactics on Social Platforms
According to a statement shared via the X platform, a group of scammers has been systematically reaching out to individuals by faking professional affiliations with Liquid Capital. While the exact mechanics of the financial drain—whether through phishing links, fraudulent investment schemes, or seed phrase solicitation—remain under investigation, the founder emphasized that these entities operate without authorization.
"Recently, a group of scammers impersonating Liquid Capital team members have appeared, sending messages to everyone. Although I don't know how they are defrauding people of money... many people are still unaware of the truth. I hope everyone carefully discerns the logic", Yi Lihua stated.
Security Best Practices for Investors
The incident underscores the persistent risks associated with digital asset management and the importance of verifying the identity of project representatives. Industry experts suggest several measures to mitigate risks associated with such impersonation attempts:
- Carefully verify the official handles and domain names of venture capital firms.
- Avoid clicking on unsolicited links sent via direct messages on social media or Telegram.
- Never share private keys or sensitive account information with individuals claiming to be support staff or executives.
- Utilize multi-factor authentication (MFA) to protect crypto exchange accounts and personal wallets.
In addition to the warnings about direct financial fraud, Lihua also touched upon the challenges of misinformation and rumors circulating within the industry, noting that logical thinking and high levels of awareness are the best defenses for market participants.
In conclusion, the alert from Liquid Capital serves as a critical reminder of the evolving nature of cybersecurity threats in the decentralized finance space. As the market continues to expand, the responsibility remains with the user to exercise due diligence. By maintaining a high level of cognitive vigilance and skepticism toward unsolicited communications, investors can better protect their portfolios from sophisticated actors.
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For educational purposes only. Nothing here constitutes financial or investment advice. Crypto markets are highly volatile — always DYOR before making any decisions.
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