In a string of social media posts, HTX shareholder Justin Sun has accused co-founder Li Lin of irregularities in the sale of his share of the cryptocurrency exchange, formerly known as Huobi. Sun claims that Li concealed due diligence materials and created a $30 million internal hole, which Sun had to cover with his own money. Sun has been promoting the Decentralized USD (USDD), a stablecoin backed by subsidies of his Tron platform, and claims that Li will receive every penny of the interest from USDD. This is not the first issue surrounding the sale of Li's share, as Sun previously alleged that Li's brother obtained a large quantity of Huobi's HT token through improper means, and Li Lin has filed a lawsuit claiming ownership rights to the Huobi trademark. Sun himself has faced legal issues, including a lawsuit from the U.S. Securities and Exchange Commission and his involvement in a cryptocurrency venture backed by Donald Trump.



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