Recently, a piece of news that "an alumni was sued by his alma mater (China University of Mining and Technology) for failing to honor an 11 million yuan donation" has attracted the attention of netizens. According to people familiar with the matter, this is a post-90s generation who once made hundreds of millions by speculating on currencies and also established his own fund company. Either to repay his alma mater or to show his strength, he announced a donation of 100 yuan to his alma mater on the 110th anniversary of China University of Mining and Technology. However, due to the sharp decline in the cryptocurrency industry, fund company contracts were liquidated, and opportunities for cryptocurrency assets were reduced to zero. Unable to fulfill his promise to donate 1,100 yuan to his alma mater, his alma mater took him to court, and he eventually became the executor of breach of trust.
In response to the "promised but not donated" incident on the evening of March 14, the parties stated that the original donation was not fulfilled because shortly after signing the contract, the Bitcoin contract was liquidated and the digital assets were almost reduced to zero. After that, the projects invested by the fund under their names became liquid. There is no way out of the sexual crisis, which ultimately leads to no money to fulfill the contract.
At the same time, he also said that at that time, he proposed to donate 1,100 Bitcoins, but the school did not agree due to policy reasons, and finally decided to use 11 million yuan when signing the agreement. #荣耀时刻
