Justin Sun, the founder of Tron (TRX), has accused Li Wei, the brother of Huobi exchange founder Li Lin, of obtaining Huobi Tokens (HT) for free and selling them for millions on the platform. Sun made these allegations on Twitter, stating that Wei received the HT tokens at no cost when they were initially distributed and has been selling them on Huobi ever since.

Sun’s Claims and Plan of Action

Sun did not provide any specific details on the exact amount of money Wei made from the HT token sales. However, he has pledged to put an end to this by recovering and destroying the remaining tokens with Wei’s help, with the assistance of the Huobi Global Advisory Committee and the HT DAO community. According to Sun, the committee will work with Wei to negotiate a refund that is in the best interest of the HT DAO community.

Reasoning Behind Sun’s Decision

Sun justified his actions by stating that Wei did not contribute anything to the community, and therefore should not have access to the tokens. He emphasized the importance of fairness and rewarding those who genuinely contribute to the growth and development of HT DAO.

Response from Huobi Founder

According to Wu Blockchain, Huobi founder Li Lin asked Sun for evidence of his claims. If Sun’s allegations are proven to be true, Lin promised to pay ten times the amount of compensation.

In conclusion, Justin Sun has accused Li Wei of profiting from free tokens and has pledged to recover and destroy the remaining tokens with Wei’s help. The Huobi Global Advisory Committee and the HT DAO community will work together to negotiate a refund that is in the best interest of the community. The response from Huobi founder Li Lin was to ask for evidence, with a promise to pay ten times the amount of compensation if the allegations are true.

Exchanges

Articles You May Like

SUI Token Sees Sharp Drop in Price After Market Debut
Regulatory Pressure Causes Bitcoin to Drop to Three-Month Lows
Bitcoin (BTC) Stabilizes Around $30,000 as Traders Await Next Move
Binance CEO CZ Zhao Prevents Justin Sun from Farming SUI Tokens

Leave a Reply

Your email address will not be published. Required fields are marked *