• Justin Sun accuses Li Wei, brother of Huobi’s exchange founder Li Lin, of acquiring tons of HT tokens for free and selling them for millions.
• Sun has promised to recover and destroy the remaining tokens with Wei through the help of the Huobi Global Advisory Committee and HT DAO community.
• The committee will negotiate a refund in the form of an equivalent amount of TRX to be donated to charity.
Justin Sun Accuses Li Wei
Crypto entrepreneur Justin Sun accused Li Wei, the brother of Huobi’s exchange founder Li Lin, of acquiring tons of Huobi Tokens (HT) for free and selling them for millions on the platform. In a May 16 Twitter thread, Sun claimed that Wei had been cashing out with his profits from these sales.
Sun Promises Refund
Sun promised to end this by recovering and destroying the remaining tokens with Wei through the help of the Huobi Global Advisory Committee and the HT DAO community. The committee will engage Wei to negotiate a refund in the form of an equivalent amount of TRX to be donated to charity.
Huobi Founder Responds
Huobi founder Li Lin reportedly promised to pay a 10-times compensation if Justin Sun’s allegations are true.
Countdown To Bitcoin Halving
In other news related to crypto, there is less than 50,000 blocks remaining before Bitcoin halving occurs as well as ECB believing digital euro is necessary despite lukewarm response from banks and consumers.
Top Up And Start Earning Daily Interest On Crypto
Don’t miss out on earning daily interest on your crypto! Top up now and start earning!