The news content highlights a dispute between Justin Sun, an advisor for HTX, and Li Lin, the former owner of Huobi. The disagreement revolves around whether there was a $30 million hole in the books of Huobi when it was sold to About Capital Management. Sun accuses Li of concealing the hole and claims to have had to lend money to the exchange. Li, on the other hand, argues that the so-called hole was a margin call that could be recovered, and the exchange's revenue had already covered it. The dispute is unusual because Sun has previously downplayed his ownership of HTX but appears to have a vested interest in it. Additionally, concerns have been raised about the trustworthiness of HTX's assets, including a Poloniex-issued tokenized bitcoin asset and Sun-affiliated stablecoins. Sun also reportedly attempted to sell his majority stake in Huobi to Binance.



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