Close Menu
  • Home
  • Crypto News
  • Tech News
  • Gadgets
  • NFT’s
  • Luxury Goods
  • Gold News
  • Cat Videos
What's Hot

cat video ! cat voice! cat sound ! cat meowing #cat #cats #youtubeshorts #trending #shorts #catlover

May 11, 2025

These CATS Are Too Silly 😂 Funniest Cat Videos 2025

May 10, 2025

Doctor Who ‘The Story and the Engine’ review: Just a trim, thanks

May 10, 2025
Facebook X (Twitter) Instagram
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms of Use
  • DMCA
Facebook X (Twitter) Instagram
KittyBNK
  • Home
  • Crypto News
  • Tech News
  • Gadgets
  • NFT’s
  • Luxury Goods
  • Gold News
  • Cat Videos
KittyBNK
Home » Li Lin Denies Justin Sun’s Claim:Misunderstanding in Finance
Crypto News

Li Lin Denies Justin Sun’s Claim:Misunderstanding in Finance

February 5, 2025No Comments2 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Li Lin Denies Justin Sun’s Claim:Misunderstanding in Finance
Share
Facebook Twitter LinkedIn Pinterest Email

After Justin Sun disclosed that the Huobi sale had a significant discrepancy, Huobi co-founder Li Lin responded to Sun’s claims with a clarification, stating that there was no “funding hole” as alleged.

Li Lin Responds to Justin Sun’s Allegations 

Li Lin took to X, explaining that during the HTX delivery process in October 2022, both parties had major differences in their calculation methods for user assets. He shared that he had communicated with Justin Sun multiple times, and Sun had also expressed his intention to further review the accounts and clarify the facts.

李林:关于孙宇晨先生近期言论的回应

今日,孙宇晨先生在社交媒体上发布了一条关于HTX(原火币)交割过程及财务状况的言论,引发市场广泛关注。为了尊重事实、维护各方权益,我在此做出如下声明,以澄清事实,并提供合理的解决方案。

一、关于交割过程中资产计算方式的不同理解… pic.twitter.com/iYVCaBQzSD

— Du Jun (@DujunX) February 5, 2025

Lin added, “This is not a case of ‘concealment of transfer’ or a ‘funding hole.’ Instead, because two years have passed since the completion of the delivery, there have been significant changes in core personnel and financial data, leading to misunderstandings between both parties regarding the calculation method of financial data at the time of delivery.”

Li Lin Denies Justin Sun’s Claim:Misunderstanding in Finance
Courtesy: X

Addressing Sun’s claim of a “$30 million funding hole,” Lin clarified that it was essentially a margin call caused by extreme market conditions when the trading platform was engaged in margin trading (leverage) operations. At the time of delivery, the company’s revenue had already been allocated to handle this financial processing, and the assets delivered to the seller fully covered the users’ assets. Therefore, Lin asserted, there was no so-called “funding hole.”

Lin further alleged that despite the lack of clarity and serious differences between both parties, Sun used his strong media influence to make unilateral public statements. Lin claimed that Sun’s actions misled investors, causing reputational and business damage.

Concluding his statement, Lin urged, “I ask Mr. Justin Sun to immediately stop such behavior, return to the legal framework, and resolve business disputes through reasonable and legal channels.” Lin’s statement comes in the backdrop of Sun’s claims that during the sale of co-founder Lin’s stake in the crypto exchange Huobi (now HTX), Lin concealed the due diligence materials and created a $30 million hole internally.

Also Read: Justin Sun Praises President’s WBTC Move & Slams Coinbase


Credit: Source link

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

XRP, PEPE Rebound Underway, But Cardano and This DeFi Token Look Stronger : Rexas Finance

May 10, 2025

Analysts Eye $0.025 MUTM as the Next Crypto to Explode — Is This the Best Crypto to Buy Now?

May 10, 2025

If You Missed SOL at $1, Don’t Miss This One — Best Cryptocurrency Coin to Buy in 2025?

May 10, 2025

Bitcoin Solaris Presale Participants Set for Bigger Gains

May 10, 2025
Add A Comment
Leave A Reply Cancel Reply

What's New Here!

Spotify’s Car Thing will soon transform into Spotify’s Car Brick

May 23, 2024

Kohler’s voice-controlled bidet seat turns your dumb toilet into a luxurious smart-throne

January 5, 2024

Adin Ross and FaZe Banks to Launch Crypto-Based ‘GTA 6’ Server

February 6, 2025

hello con ☎️funny cat videos #shorts #ytshorts #animalmuvie #cute #viralvideo

September 18, 2024

#77 Cute Cat videos 😻😻 #fails #funny #moments #reels

September 20, 2024
Facebook X (Twitter) Instagram Telegram
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms of Use
  • DMCA
© 2025 kittybnk.com - All Rights Reserved!

Type above and press Enter to search. Press Esc to cancel.