Categories: Blockchain NewsMarkets News

Justin Sun: Brother of Huobi Founder Acquired Millions of Free HT and Then “Cashed Out”

A renowned crypto industry figure comes forward with allegations that the brother of Huobi’s founder has been aggressively picking up the exchange’s native token for free. And then dumping the hoardings at a profit. Justin Sun, the founder of Tron (TRX) and a stakeholder in Huobi, the cryptocurrency exchange, claims that the brother of Huobi’s founder, Li Lin, acquired free quantities of Huboi’s native token (HT). Sun’s comments on the subject occupied a long Twitter thread on Tuesday. Huobi Exploited? LI Wei—the brother of Li Lin—is alleged to have acquired millions of Huobi Tokens “abnormally.” In the Twitter thread, Sun

Inside Job Suspected As Huobi Wallet Falls Victim To $263,000 Exploit

According to multiple reports, iToken, formerly known as Huobi Wallet, fell victim to a crypto heist in the last week, leading to the loss of $263,000 worth of users’ assets. The incident draws much attention following recent police investigations into some of Huobi’s former staff. $263,000 Drained From Huobi Wallet…

October 8, 2023

In "analysis"

TRON’s Justin Sun Reassures Crypto Community That Huobi Exchange Is Solvent

In a recent development, Justin Sun, founder of popular blockchain Tron, has urged people to disregard speculations that the crypto exchange Huobi is facing severe challenges following news of the alleged detention of some of the platform’s officials. The rumors appear to be a major contributing factor to why the…

August 8, 2023

In "analysis"

Huobi: $8 million hacker returns all funds to crypto-exchange

October 9, 2023

In "blockchain"

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Justin Sun: Brother of Huobi Founder Acquired Millions of Free HT and Then “Cashed Out”

Related

Inside Job Suspected As Huobi Wallet Falls Victim To $263,000 Exploit

TRON’s Justin Sun Reassures Crypto Community That Huobi Exchange Is Solvent

Huobi: $8 million hacker returns all funds to crypto-exchange

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