2 years ago
Crypto entrepreneur Justin Sun accused Li Wei of acquiring tons of Huobi Tokens (HT) for escaped and selling them for millions to currency retired connected the platform. Wei is the member of Huobi’s speech laminitis Li Lin.
In a May 16 Twitter thread, Sun claimed Wei received the HT tokens astatine zero costs erstwhile it was initially distributed. The Tron (TRX) laminitis alleged that Wei has been selling them connected Huobi since past — making immense profits.
Sun did not supply further accusation connected the magnitude Wei made from the HT token sales.
However, Sun has promised to extremity this by recovering and destroying the remaining tokens with Wei done the assistance of the Huobi Global Advisory Committee and the HT DAO community.
According to Sun, the committee volition prosecute Wei to negociate a refund successful the champion involvement of the HT DAO community. He noted that Wei did not lend thing to the community, truthful helium shouldn’t person entree to the tokens.
“We judge successful fairness and the value of rewarding those who genuinely lend to the maturation and improvement of HT DAO.”
Meanwhile, Wu Blockchain reported that Huobi laminitis Li Lin asked Sun to supply grounds of his claims. According to the report, Lin promised to wage a 10-times compensation if the allegations were true.
Following the news, HT jumped 2.5% connected the 1-hour candle to $2.989 astatine the clip of writing. According to Cryptoslate data, the exchange’s token has risen 3.55% successful the past 24 hours.
The station Justin Sun accuses Huobi’s laminitis of freeloading connected HT token appeared archetypal connected CryptoSlate.
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