You really asked some questions. The one Yao Qian greeted is a previously operated exchange in Beijing, the one that liked to do injections.

The project also collapsed a long time ago, so sad.
In those years, at least hundreds of projects raised millions of ETH. Not to mention outperforming ETH, now there are very few that can match the fiat currency raised at that time. How much sweat equity of retail investors has been drained.
Actually, the ones that should be most targeted are the project founders issuing tokens and the owners of trading platforms.