Justin Sun and Li Lin Clash Over $30M Gap in HTX Sale

On societal media X, determination is an ongoing statement betwixt Justin Sun, a shareholder of the cryptocurrency speech HTX, and Li Lin, focusing connected the 2022 merchantability of Li Lin’s stock successful the company.

Justin Sun’s allegation connected Li Lin, Source: X

In a caller station connected X, Sun alleged that Li Lin concealed important fiscal documents, that person created a $30 cardinal interior backing gap. He besides said that aft exposing the issue, Li attempted to debar paying the magnitude owed to Black, forcing Sun to lend wealth to screen the nonaccomplishment astatine that time. 

Li Lin has refuted this allegation and explained that the alleged backing spread was a effect of utmost marketplace conditions affecting the exchange’s borderline trading business, not immoderate deceptive actions.

He maintains that the contented has been addressed done HTX’s gross and has shown a tendency to resoluteness the substance alternatively than done Hong Kong’s ineligible processes alternatively than done societal media disputes.

The October 2022 merchantability of Li Lin’s stock successful Huobi has been fraught with controversy. In May 2023, Justin Sun accused Li Lin’s brother, Li Wei, of obtaining a ample magnitude of Huobi’s autochthonal HT token without paying for it, allegedly done improper means, successful a now-deleted station connected X. Sun vowed to retrieve and destruct the HT tokens, adjacent though helium besides claimed that Li Wei had sold them.

In June 2023, Li Lin took ineligible enactment against Huobi Global successful Hong Kong, asserting that his X-Spot institution owned the rights to the Huobi trademark, contempt having sold his shares successful the exchange.

After leaving Huobi, Li Lin co-founded New Huo Technology Holdings, a integer plus work platform. Harvard recognized him arsenic the 39th astir generous philanthropist successful China.

Meanwhile, the U.S. Securities and Exchange Commission sued Justin Sun for selling alleged crypto securities successful March 2023. Also, helium has invested implicit $30 cardinal successful World Liberty Financial, a cryptocurrency task supported by President Donald Trump and his family, wherever helium serves arsenic an adviser.

Also Read: Justin Sun Denies Ethereum Selloff Amid HTX Deposit