Li Lin Responds to Justin Sun's Questioning: There Was a Misunderstanding in the Calculation of Financial Data During Settlement; There Is No Such Thing as a "Funds Hole"

BlockBeats News, February 5th, Huobi founder Li Lin responded to Justin Sun's questioning, stating that during the October 2022 HTX settlement process, there was a significant discrepancy between the two parties in the calculation of user assets. The two sides had multiple communications, and Justin Sun also clearly expressed his desire to further reconcile accounts and clarify the facts. Therefore, this is not a so-called "concealment of transfer" or "funds pothole," but rather due to the completion of the settlement being two years ago, significant changes in key personnel and financial data led to a misunderstanding between the two parties on the calculation method of financial data at the time of settlement.

Justin Sun's mention of a "30 million US dollar funds pothole" is fundamentally a margin call caused by extreme market conditions when the trading platform was operating margin trading business. At the time of settlement, this financial handling had already been done using company revenue, and the assets delivered to the sellers completely covered user assets, with no existence of a so-called "funds pothole."

Fully support a fair ruling through the Hong Kong court or a third-party arbitration institution to uphold the legitimate rights and interests of all parties through legal means, rather than unilaterally using social media for one-sided judgment.

Previously reported by BlockBeats, earlier today, TRON founder and HTX Global Advisory Committee member Justin Sun posted on social media, stating, "Those familiar with the situation know that Li Lin concealed due diligence materials at the time, created a $30 million pothole internally, and when his actions were discovered by me and exposed, he tried to avoid responsibility, refusing to return a single cent. I lent the company the money to cover it."