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Justin Sun: Li Lin's younger brother repeatedly obtained zero-cost HT through improper means and made huge sales and withdrawals on Huobi. We will track and retrieve the funds and destroy them.

BlockBeats reported on May 16th that Justin Sun stated on Twitter that Li Wei, the brother of Huobi founder Li Lin, had repeatedly acquired a large amount of zero-cost HT through illegitimate means and then sold and withdrew them in large quantities within Huobi, causing harm to the interests of everyone in the HT community. Following the decision of the Huobi Global Advisory Committee and the HT DAO community, Li Wei's HT acquired at zero cost will be retrieved and destroyed, and the destruction of HT will be publicly announced within the HT community.

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1. Justin Sun has participated in multiple Ethereum re-staking projects, including Swell L2, Ether.Fi, EigenLayer, and Puffer Finance. 2. Justin Sun deposited 120,000 eETH worth $376 million into Swell L2, accounting for 46.6% of Swell L2's total deposits. 3. Justin Sun has purchased a total of 323,799 ETH worth approximately $1.0248 billion through CEX withdrawals and on-chain purchases in 6 months, with an average price of $2,942. 4. Justin Sun's crypto wallet holds a total value of approximately $4.165 billion in crypto assets, ranking first in the personal on-chain crypto asset holdings. 5. Justin Sun's large-scale investment in Ethereum has triggered speculation that market sentiment may shift positively, which may drive Ethereum prices into a recovery phase.

On-Chain Activity