{"id":27434,"date":"2025-02-05T04:48:25","date_gmt":"2025-02-05T04:48:25","guid":{"rendered":"https:\/\/www.bitrabo.com\/discover\/?p=27434"},"modified":"2025-02-05T04:48:25","modified_gmt":"2025-02-05T04:48:25","slug":"huobis-sale-marred-by-a-30-million-deficit","status":"publish","type":"post","link":"https:\/\/www.bitrabo.com\/discover\/huobis-sale-marred-by-a-30-million-deficit\/","title":{"rendered":"Huobi’s Sale Marred by a $30 Million Deficit"},"content":{"rendered":"\n
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Justin Sun, the founder of TRON and a member of the HTX Global Advisory Board, has expressed concerns regarding the sale of co-founder Li Lin\u2019s share in the cryptocurrency exchange Huobi, now known as HTX, alleging that the transaction was compromised.<\/p>\n

<\/span>Conflict Between Justin Sun and Li Lin Regarding Huobi<\/strong><\/span><\/h2>\n

In a recent social media update, Sun commented: \u201cPeople who are informed about the events know that Li Lin misrepresented the due diligence documents and created a $30 million internal discrepancy. When I uncovered this misconduct, he did not confess and did not reimburse any amount.\u201d<\/p>\n

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USDD\u8fd9\u6b21\u771f\u7684\u96f6\u95e8\u69db\uff0c\u96f6\u6743\u9650\uff0c\u5b8c\u5168\u53bb\u4e2d\u5fc3\u5316\uff0c\u6709\u4eba\u8bf420%\u5e74\u5316\u5229\u606f\u9ad8\uff0c\u5176\u5b9e\u5728\u6211\u770b\u6765\uff0c\u5e01\u5708\u771f\u5fc3\u7f3a\u4e00\u4e2a\u96f6\u4fe1\u4efb\u53bb\u4e2d\u5fc3\u5316\u7a33\u5b9a\u5e01\uff0c\u6c38\u4e0d\u51bb\u7ed3\uff0c\u653e\u5fc3\u7528\u7684\uff0c\u6211\u81ea\u5df1\u505a\u7a33\u5b9a\u5e01\u5f88\u4e45\u4e86\uff0c\u771f\u5fc3\u660e\u767d\u8fd9\u4e2a\u75db\u70b9\uff01\u800c\u4e14\u6211\u5ba3\u5e03\uff0c\u5c31\u7b97\u674e\u6797\u6765\u7528\uff0c\u90fd\u80fd\u5168\u8eab\u800c\u9000\uff0cUSDD\u5229\u606f\u4e00\u5206\u4e0d\u5c11\u4f1a\u7ed9\u4ed6\uff01\u719f\u6089\u5185\u60c5\u7684\u4eba\u90fd\u77e5\u9053\uff0c\u674e\u6797\u5f53\u65f6\u9690\u7792\u5c3d\u8c03\u6750\u6599\uff0c\u2026<\/p>\n

\u2014 H.E. Justin Sun (@justinsuntron) February 4, 2025<\/a><\/p>\n<\/blockquote>\n

Sun noted that he had to provide financial support to cover this loss, adding, \u201cAt that time, I was fortunate to have funds available.\u201d<\/p>\n

These statements came as part of Sun’s promotion of USDD, especially with the upcoming launch of a new iteration, USDD 2.0, which he claims will offer a 20% annual percentage yield on staking. In his post, Sun highlighted that USDD is centered on decentralized stablecoins and lacks a freezing feature. He asserted that users can issue tokens independently and receive interest directly without middlemen, with the additional advantage of being able to trade USDD for USDT without incurring any losses.<\/p>\n

\"Justin<\/a>
Image Source: X<\/figcaption><\/figure>\n

<\/span>The Rift Between Sun and Li<\/strong><\/span><\/h2>\n

The animosity between Sun and Li traces back to May 2023, when Sun accused Li’s brother, Li Wei, of acquiring substantial amounts of Huobi\u2019s native HT tokens through dubious means without payment. In June of the same year, Li Lin initiated legal action against Huobi Global in Hong Kong, declaring that his firm, X-Spot, retained the rights to the Huobi trademark even after selling his shares.<\/p>\n

In the wake of these controversies, Li Lin co-founded New Huo Technology Holdings, which operates as a digital asset service platform.<\/p>\n

\u00a0<\/p>\n<\/p><\/div>\n