Tag Archives: huobi

Huobi founder Li Lin has accused the crypto exchange of using the Huobi trademark, an action that supposedly goes against the agreement in the original acquisition contract. According to Chinese crypto reporter Colin Wu, X-Spot Co. Limited, controlled by Li Lin, has filed a lawsuit in the High Court of the Hong Kong Special Administrative Region against crypto exchange Huobi Global for trademark Infringement. Huobi founder Li Lin formally sued Huobi Global in Hong Kong for...

Huobi Global announced gearing up for the launch of its Hong Kong division on June 1st for users in the city-state. The expansion comes in the backdrop of the Hong Kong securities regulator – Securities and Futures Commission’s (SFC) decision – to allow retail trading in cryptocurrencies has come after a year of turmoil in the sector. The new venue in the special administrative region of China called Huobi Hong Kong will be “fully compliant with local regulations and offer a...

The Malaysian SC has urged the local investors to immediately cease trading via Huobi Global, withdraw their investments, and close their accounts. A leading centralized crypto firm Huobi Global Limited and its Chief Executive Officer Leon Li have been accused of operating a digital asset exchange in Malaysia without registration. As a result, the Securities Commission of Malaysia (SC) has ordered the cryptocurrency exchange to immediately cease operations within its jurisdiction. Notably,...

Justin Sun has denied the rumors of a proposal to crypto exchange Binance for acquiring his part of the stake in Huobi Global. Sources familiar with the matter said that the world’s largest crypto exchange Binance recently turned down an offer to acquire Justin Sun’s ownership in crypto exchange Huobi. The sources further added that Binance didn’t show interest due to the rumors that crypto exchange Huobi has ties with mainland China. Last month in March, Justin Sun showed interest in...

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The native token of the crypto exchange Huobi Global – HT – spiked around 16% after Justin Sun outlined the company’s intentions to obtain a trading license in Hong Kong.  If secured, the authorization will allow the platform to offer a wide range of digital asset services and products to domestic consumers.  Justin Sun – Tron’s Founder and a member of Huobi’s Global Advisory Board – revealed that the crypto exchange has applied for a trading license with Hong Kong’s...

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It’s been over half a year since the Harmony bridge was breached, allowing hackers believed to be a part of the Lazarus Group to make off with about $100 million in cryptocurrencies at the time they were stolen. Multiple Cashout Attempts Nearly $91 million of those funds have seen attempted cashouts so far. The most recent attempt at laundering the stolen funds saw about $27 million worth of crypto being moved. The operation was detected by security researchers, although it...

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