Justin Sun reignites feud with HTX co-founder, India rethinks crypto stance, Thailand cuts off power to Myanmar’s pig butchers. Asia Express.
Tron founder Justin Sun has rekindled a years-long feud with HTX co-founder Leon Li by accusing Li of fraud.
In an X post, Sun alleged that Li concealed critical due diligence materials during the sale of HTX, previously known as Huobi, leaving a $30 million hole in the exchanges balance sheet. Sun claimed that he personally lent $30 million to cover the shortfall but the money has yet to be repaid.
Li hasnt denied the $30 million gap but disputed Suns version of events in a statement reportedly distributed by his inner circle. Instead, he attributes the missing funds to margin calls triggered by the exchanges high-risk leverage trading operations.
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