A new drama is unfolding in the crypto world! This time, the main characters are Justin Sun and Li Lin, as the two big shots clash again on social media, with the core controversy being the $30 million "funding gap" during the HTX (formerly Huobi) settlement.
Justin Sun: Li Lin concealed the funding gap, I had to cover it myself
Justin Sun took the lead in the attack, discussing the "decentralized" nature of the USDD stablecoin on Twitter, while also bringing up the past of the HTX settlement. He stated that Li Lin initially concealed due diligence materials, resulting in a $30 million gap, and then refused to acknowledge it, forcing him to borrow money to fill it. He emphasized that he was financially strong at the time, which allowed him to withstand this "pitfall." Now that HTX exchange's capital has reached $8 billion, he feels there’s no harm in speaking out, but he finds Li Lin's actions to be quite disgusting.
Attached: Justin Sun's tweet>>
Li Lin: There is no funding gap, if there are disputes, go to court, don’t hold a "trial" on social media
In response to Justin Sun's accusations, Li Lin quickly countered, stating that Justin Sun's claims are completely misleading. He clarified that there were different understandings between both parties regarding the calculation of user assets during the settlement, but all accounts are fully documented and have already been provided to Justin Sun's team for verification at any time. He emphasized that the so-called "$30 million funding gap" is actually a loss from the exchange's leveraged trading under extreme market conditions, not a gap, but a financial handling within the normal operating range of the exchange, which has already been covered by company revenue, and there were no issues with user assets during the settlement.
Li Lin also added that the HTX settlement contract is governed by Hong Kong law, and if Justin Sun has any objections, he can pursue legal avenues instead of unilaterally "holding a trial" on social media. He bluntly stated that Justin Sun's public remarks have already affected his business reputation and could mislead the market and investors, urging him to immediately cease such behavior and resolve disputes through legal and reasonable business means.
Attached: Du Jun's repost of Li Lin's WeChat Moments content>>
Currently, both sides have their own claims. Whose statement is more credible? Did Justin Sun really uncover a "dark secret," or is Li Lin's financial handling in line with industry practices? Will this incident escalate into a legal lawsuit? The crypto community is watching closely!
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