The post Huobi Sale Sullied By $30 Million-dollar Gap appeared on BitcoinEthereumNews.com.

TRON founder and HTX Global Advisory Board member Justin Sun has alleged irregularities in the sale of co-founder Li Lin’s stake in the cryptocurrency exchange Huobi (now HTX), which sullied the transaction. Justin Sun and Li Lin’s Huobi Saga Sun stated in a social media post: “Those familiar with the situation know that at that time, Li Lin concealed the due diligence materials and created a $30 million hole internally. When I discovered the sabotage, he was caught red-handed, refused to admit it, and didn’t return a single cent.” USDD这次真的零门槛，零权限，完全去中心化，有人说20%年化利息高，其实在我看来，币圈真心缺一个零信任去中心化稳定币，永不冻结，放心用的，我自己做稳定币很久了，真心明白这个痛点！而且我宣布，就算李林来用，都能全身而退，USDD利息一分不少会给他！熟悉内情的人都知道，李林当时隐瞒尽调材料，… — H.E. Justin Sun 🍌 (@justinsuntron) February 4, 2025 As a result, Sun said he had to lend the company money to cover the loss, adding, “Fortunately, I had money back then.” Sun made these revelations while posting about USDD amid TRON’s plans to launch a new version, USDD 2.0—which promises a 20% APY on staking. In a roughly translated post, Sun emphasized that USDD focuses on decentralized stablecoins and does not have a freezing function. He claimed that all users issue the tokens themselves, with interest paid directly without intermediaries, and that USDD can be exchanged with USDT without any loss. Courtesy: X Sun and Li Fallout The fallout between Sun and Li dates back to May 2023, when Sun accused Li’s brother, Li Wei, of acquiring a large quantity of Huobi’s native HT tokens at no cost “through improper means.” In June 2023, Li Lin filed a lawsuit against Huobi Global in Hong Kong, claiming his company, X-Spot, owned the rights to the Huobi trademark despite selling his shares. Following the dispute, Li Lin went on to co-found New Huo Technology Holdings, a digital asset service platform. Also Read: Tron, Movement Protocol Refutes Token Swap With World Liberty Financial   Source: https://www.cryptonewsz.com/justin-sun-huobi-sale-sullied-by-30-m-dollar/

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Filed under: News - @ February 5, 2025 4:22 am