htx

The crypto world is once again shaken by big news. The Financial Conduct Authority (FCA) of the UK has officially sued the crypto exchange HTX (formerly Huobi) for alleged violations of illegal financial promotions.
HTX is accused of promoting digital assets to UK consumers without official permission, even though it has been on the FCA's warning list since 2023.
This case attracts attention because it involves Justin Sun, the billionaire founder of TRON who is also known as one of the supporters of the pro-Trump crypto project.
This lawsuit is not just about permits, but about how the government is starting to tighten oversight on crypto promotions — from advertisements, influencers, to social media.

@Crypto Catalyst Hub On social media X, there is an ongoing debate between @Justin Sun孙宇晨 , a shareholder of the cryptocurrency exchange HTX, and Li Lin, focusing on the 2022 sale of Li Lin’s share in the company.

In a recent post on X, Sun alleged that Li Lin concealed important financial documents, that have created a $30 million internal funding gap. He also said that after exposing the issue, Li attempted to avoid paying the amount owed to Black, forcing Sun to lend money to cover the loss at that time. 
Li Lin has refuted this allegation and explained that the alleged funding gap was a result of extreme market conditions affecting the exchange’s margin trading business, not any deceptive actions.
He maintains that the issue has been addressed through HTX’s revenue and has shown a desire to resolve the matter rather than through Hong Kong’s legal processes rather than through social media disputes.
The October 2022 sale of Li Lin’s share in Huobi has been fraught with controversy. In May 2023, Justin Sun accused Li Lin’s brother, Li Wei, of obtaining a large amount of Huobi’s native HT token without paying for it, allegedly through improper means, in a now-deleted post on X. Sun vowed to recover and destroy the HT tokens, even though he also claimed that Li Wei had sold them.
In June 2023, Li Lin took legal action against Huobi Global in Hong Kong, asserting that his X-Spot company owned the rights to the Huobi trademark, despite having sold his shares in the exchange.
After leaving Huobi, Li Lin co-founded New Huo Technology Holdings, a digital asset service platform. Harvard recognized him as the 39th most generous philanthropist in China.
@Crypto Catalyst Hub #HTX #JustinSun #win #Tron @Richard Teng @BitEagle News @dml25 @Binance News $WIN $TRX

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#TrumpDeFi