TRON founder Justin Sun has disclosed a scandalous incident in the crypto exchange Huobi, of which he is a shareholder.
“Repeatedly collected large amounts of zero-cost coins through illegal means”
Justin Sun made a striking series of accusations against Li Wei, the brother of Li Lin, the founder of Huobi, in his statements on his Twitter account.
“Li Lin’s younger brother has repeatedly collected large amounts of zero-cost HT through abnormal means. He has sold them multiple times on the Huobi platform and has withdrawn large amounts of cash. To protect people’s interests, the Huobi Global Advisory Committee and the HT DAO community decided to recover the HT obtained by Li Wei at zero cost. Such behavior will not be tolerated,” he said.
李林弟弟李伟，多次通过不正常手段大量获取零成本HT，历史上多次在火币平台内进行抛售，巨额提现，不仅玷污了李林在国内多年积累声誉，损害了HT社区每一个人的利益，经火币全球顾问委员会，HT DAO社区决议 ，对于李伟零成本获取的HT进行追缴，销毁，HT销毁将在HT社区公示。对于此类行为，绝不姑息。
— H.E. Justin Sun 孙宇晨 (@justinsuntron) May 16, 2023
Sun says that Huobi founder Li Lin’s brother has “collected millions of HT tokens for free.”
In the English section of Flood, “When HT was first distributed, Leon Li’s brother received millions of HT for free. Li Wei is constantly selling these HT tokens. Now, the HT DAO committee is stepping in to fix this issue,” he elaborated.
Tron founder plans to negotiate for refund
Justin Sun did not elaborate on how much money Li Lin and his brother raised through this method. However, HT seeks compensation for the DAO community. For this, Sun says, he will demand “burning the remaining HTs.”
“We plan to meet with Li Wei to negotiate the refund and arrange the burning of the remaining HTs. This action is not just a matter of justice. It also serves the best interests of everyone in the HT DAO community. After all, Li Wei did not make a significant contribution to our community. We believe in justice and the importance of rewarding those who truly contribute to the growth and development of the HT DAO.”
HT price started to rise after the announcements
Interestingly, Huobi local cryptocurrency HT has been responding positively to the scandalous statements. HT price jumped 3.16% after Justin Sun’s announcement.
HT is currently trading at $2.80 with a market cap of $450 million. It reached its ATH level of $33.28 in May 2021, according to CoinMarketCap.
In the meantime, it should be noted that Li Lin, the founder of Huobi, has not yet responded to the allegations. On the other hand, Justin Sun had recently received a serious warning about manipulation from Binance CEO CZ.
Warning from CZ to TRON founder
As you follow on Kriptokoin.com, Binance CEO CZ warned the Tron founder on May 1 about the large amount of coins he sent to the stock market. CZ reported that they will take action if Sun tries to collect SUI tokens. You can check out the Tron founder’s answer from this article.
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