Asia Express: An exciting new instalment in Justin Sun's enthralling Huobi drama, 16 companies join forces on Hong Kong CBDC pilot and the GameFi token that surged 342% on no news at all.
its regulatory license in Lithuania, allowing it to provide crypto services both in and from the Baltic nation.On May 16, Justin Sun, founder of Tron blockchain and relatively new de-facto owner of cryptocurrency exchange Huobi Global, published a series of allegations against Wei Li, the brother of Huobi Global’s co-founder Leon Li.
“We plan to engage with Li Wei to negotiate a refund and arrange for the destruction of his remaining HT tokens. This action is not only a matter of justice but also serves the best interests of everyone in the HT DAO community.” Sun claims that “Li Wei has not made any substantial contributions to our community.” and would therefore seek disgorgement of any profits related to Wei Li’s sale of the tokens and send them to the null address for token burn. In response, Wei’s brother and Huobi’s co-founder Leon Li“I hope Huobi can provide evidence. If it is confirmed that it is zero-cost HT was obtained through illegal means, I will personally pay 10 times the HT [amount] to Huobi company.
Leon Li followed up by saying that “I hope that Huobi will return the user’s legal assets,” if the allegations are found to be false. In Oct. 2022, Huobi’s co-founders Leon Li and Du Jun reportedly sold 100% of the exchange’s stake to an investment firm controlled by Justin Sun. Since changing owners, the exchange has seen its
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