Former Huobi Executive Involved in "Dark Pool Trading + Transfer of 4.999 Million USDT" Case Sentenced: All 7 Charges Acquitted

BlockBeats News, April 25th, according to Hong Kong media reports, a former senior manager at Huobi was accused of using a personal account to participate in "dark pool trading" and transferring about 4.999 million USDT (about HK$39.18 million), suspected of 7 charges including dishonest use of computer and money laundering.

The Hong Kong High Court jury ruled that all charges against the defendant were not proven, released in court, and granted a legal costs application.

The case alleged that he had opened a personal account in someone else's name, bypassing restrictions to participate in dark pool trading limited to institutional clients, and transferred the funds to OKX and Binance accounts. However, the court ultimately did not accept the allegations.