PANews reported on February 5 that Huobi founder Li Lin responded to Sun Yuchen's questioning and said that during the HTX delivery process in October 2022, the two parties had major differences in the calculation method of user assets. Sun Yuchen had communicated with him many times, and Sun Yuchen also made it clear that he hoped to further check the accounts and clarify the facts. Therefore, this is not the so-called "concealment of transfer" or "fund hole", but because the delivery has been completed for two years, the core personnel and financial data have changed greatly, resulting in the two parties' misunderstanding of the calculation method of financial data at the time of delivery. The "US$30 million fund hole" mentioned by Sun Yuchen is essentially a position-breaking caused by extreme market conditions when the trading platform operates the margin trading (leverage) business. At the time of delivery, this part of the financial processing has been done with the company's income, and the assets delivered to the seller completely cover the user assets, and there is no so-called "fund hole". We fully support fair rulings through the Hong Kong courts or third-party arbitration institutions, and safeguard the legitimate rights and interests of all parties through legal means, rather than unilaterally using social media for unilateral trials.
Earlier today, Justin Sun said that Li Lin concealed due diligence materials when selling Huobi, and there was a $30 million hole inside .
