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Li Lin responded: There is no so -called "fund hole", and the two parties have an understanding error in the financial data calculation method of the two parties.

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Reprinted from panewslab

02/05/2025·23D

Panews News on February 5th, the founder of Huobi Li Lin responded to Sun Yuchen's questioning that during the HTX delivery process in October 2022, there were major differences in the user asset calculation method. It is also clearly stated that he hopes to further check the account and clarify the facts. Therefore, this is not the so -called "concealing allocation" or "capital holes", but because the delivery has been completed for two years, the core personnel and financial data have changed a lot, resulting in the error of the computing method of financial data during the delivery. Sun Yuchen's "$ 30 million in funding holes" is essentially a warehouse caused by the trading platform when operating the two -fry (leverage) business. During the delivery, this part of the financial treatment has been used with the company's income, and the assets that are delivered to the seller completely cover user assets, and there is no so -called "capital hole". It fully supports a fair ruling through the Hong Kong courts or third -party arbitration agencies to safeguard the legitimate rights and interests of all parties with legal channels, rather than unilaterally using social media unilateral trials.

Earlier today, Sun Yuchen said that Li Lin concealed the dedicated materials when selling Huobo, and there was a $ 30 million hole inside .

Li Lin responded: There is no so -called "fund hole", and the two parties
have an understanding error in the financial data calculation method of the
two parties.

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