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Justin Sun keeps fighting with Huobi founder Li Lin

Justin Sun and Li Lin’s years-long dispute has spilled onto X, with Sun claiming that HTX/Huobi had a $30 million hole when it was purchased.

HTX receives $500M USDT infusion then sends it away

The Justin Sun-advised crypto exchange received $500M USDT from Tether that it distributed to a variety of other addresses.

HTX has sent $406 million of the $502 million total TrueUSD to new addresses in the last few months, perhaps pending redemptions.

Justin Sun-advised HTX has redeemed thousands of wrapped bitcoin (WBTC), despite having no WBTC included in its proof-of-reserves.

Justin Sun-advised HTX recently redeemed approximately $500 million worth of WBTC, despite having no WBTC on its proof-of-reserves.