TRON founder and HTX International Advisory Board member Justin Solar has alleged irregularities within the sale of co-founder Li Lin’s stake within the cryptocurrency change Huobi (now HTX), which sullied the transaction.
Justin Solar and Li Lin’s Huobi Saga
Solar acknowledged in a social media submit: “These aware of the scenario know that at the moment, Li Lin hid the due diligence supplies and created a $30 million gap internally. After I found the sabotage, he was caught red-handed, refused to confess it, and didn’t return a single cent.”
USDD这次真的零门槛，零权限，完全去中心化，有人说20percent年化利息高，其实在我看来，币圈真心缺一个零信任去中心化稳定币，永不冻结，放心用的，我自己做稳定币很久了，真心明白这个痛点！而且我宣布，就算李林来用，都能全身而退，USDD利息一分不少会给他！熟悉内情的人都知道，李林当时隐瞒尽调材料，…
— H.E. Justin Solar 🍌 (@justinsuntron) February 4, 2025
Consequently, Solar stated he needed to lend the corporate cash to cowl the loss, including, “Happily, I had a reimbursement then.”
Solar made these revelations whereas posting about USDD amid TRON’s plans to launch a brand new model, USDD 2.0—which guarantees a 20% APY on staking. In a roughly translated submit, Solar emphasised that USDD focuses on decentralized stablecoins and doesn’t have a freezing operate. He claimed that every one customers problem the tokens themselves, with curiosity paid straight with out intermediaries, and that USDD might be exchanged with USDT with none loss.
Solar and Li Fallout
The fallout between Solar and Li dates again to Might 2023, when Solar accused Li’s brother, Li Wei, of buying a big amount of Huobi’s native HT tokens for free of charge “by way of improper means.” In June 2023, Li Lin filed a lawsuit towards Huobi International in Hong Kong, claiming his firm, X-Spot, owned the rights to the Huobi trademark regardless of promoting his shares.
Following the dispute, Li Lin went on to co-found New Huo Know-how Holdings, a digital asset service platform.
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